NEWLANDS, DAMS LANE, BELCHFORD, HORNCASTLE, LN9 6LH - £247,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NEWLANDS is a very small extended detached house of 96m², built sometime before 1900, which could now be worth an estimated £318,118. It was last sold for £247,500 in August 2018, which was around 12% above the average August 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2024, where the current energy rating was E, and the potential energy rating was A.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two NEWLANDS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 22 AUG	£247,500	£221,643	12% above HPI
2002 7 NOV	£146,750	£118,889	23% above HPI

NEWLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two NEWLANDS sales from November 2002 and August 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2002 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the August 2018 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £318,118.

This is based on house price inflation of 28.5%, between August 2018 and March 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for NEWLANDS of £247,500 on 22nd August 2018. For the value to have increased from £247,500 to £318,118 over the seven years and five months to March 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2018 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since August 2018.

How Large is NEWLANDS?

NEWLANDS is 96m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses houses in Belchford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belchford, and where NEWLANDS lies on this distribution: 19% of detached houses houses are smaller than NEWLANDS, and 81% of houses are larger. Note that EPC data is not available for all properties in Belchford.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.180 of an acre, or 727m². The below map shows the location of NEWLANDS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of NEWLANDS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is NEWLANDS?

NEWLANDS is located on DAMS LANE in BELCHFORD, in the LN9 postcode district. The below map shows the position of NEWLANDS on DAMS LANE.