OMEGA, ALBERT STREET, HORNCASTLE, LN9 6AJ - £190,000

OMEGA is a large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £190,000 in February 2020, which was around 10% below the average February 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

OMEGA Sold Prices

Land registry data shows two sales for OMEGA 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 OMEGA sales were for below 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
2020 3 FEB	£190,000	£212,241	10% below HPI
1997 20 FEB	£50,500	£56,298	10% below HPI

OMEGA 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 OMEGA sales from February 1997 and February 2020 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 February 1997 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2020 sale, which was also at 10% below the HPI.

How Large is OMEGA?

OMEGA is 126m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 30% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where OMEGA lies on this distribution: 69% of detached houses are smaller than OMEGA, and 29% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

OMEGA: Plot and Title Map

OMEGA sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of OMEGA, 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 OMEGA). 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 OMEGA?

OMEGA is located on ALBERT STREET in HORNCASTLE, in the LN9 postcode district. The below map shows the position of OMEGA on ALBERT STREET.