NORWOOD, NORTH ROAD, TETFORD, HORNCASTLE, LN9 6QH - £130,000

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.

NORWOOD is a very small semi-detached house of 80m², which could now be worth an estimated £171,412. It was last sold for £130,000 in October 2018, which was around 11% below the average October 2018 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

NORWOOD Sold Prices

Land registry data shows two sales for NORWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the two NORWOOD sales was for below the average price, whilst the other was 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 5 OCT	£130,000	£146,516	11% below HPI
2007 25 SEP	£150,000	£130,865	15% above HPI

NORWOOD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two NORWOOD sales from September 2007 and October 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 September 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might NORWOOD be worth now?

NORWOOD might now be worth an estimated £171,412.

This is based on house price inflation of 31.9%, between October 2018 and March 2025, for semi-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 31.9% inflationary increase is applied to the most recent sale price for NORWOOD of £130,000 on 5th October 2018. For the value to have increased from £130,000 to £171,412 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of NORWOOD has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The October 2018 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of NORWOOD has not materially changed since October 2018.

How Large is NORWOOD?

NORWOOD is 80m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of semi-detached houses houses in Tetford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tetford, and where NORWOOD lies on this distribution: 7% of semi-detached houses houses are smaller than NORWOOD, and 91% of houses are larger. Note that EPC data is not available for all properties in Tetford.

NORWOOD: Plot and Title Map

NORWOOD sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of NORWOOD, 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 NORWOOD). 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 NORWOOD?

NORWOOD is located on NORTH ROAD in TETFORD, in the LN9 postcode district. The below map shows the position of NORWOOD on NORTH ROAD.