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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NEWLANDS is a very small extended detached house of 96m², built sometime before 1900. It was last sold for £247,500 in August 2018, which was around 13% 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	£218,460	13% above HPI
2002 7 NOV	£146,750	£117,182	25% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

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 in Belchford, based on EPC data. The below chart shows the distribution of detached houses by size in Belchford, and where NEWLANDS lies on this distribution: 17% of detached houses are smaller than NEWLANDS, and 83% 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.