PARNELLE, KEELING STREET, NORTH SOMERCOTES, LOUTH, LN11 7QT - £170,000

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.

PARNELLE is a large semi-detached house of 137m², built sometime before 1900, which could now be worth an estimated £284,643. It was last sold for £170,000 in April 2014, which was around 48% above the average April 2014 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2011, where the current energy rating was F, and the potential energy rating was E.

PARNELLE Sold Prices

Land registry data shows three sales for PARNELLE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three PARNELLE sales were for above the average price, whilst one was 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
2014 14 APR	£170,000	£115,233	48% above HPI
2011 13 SEP	£145,000	£113,883	27% above HPI
1996 2 FEB	£32,500	£35,452	8% below HPI

PARNELLE 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 three PARNELLE sales between February 1996 and April 2014 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 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the April 2014 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might PARNELLE be worth now?

PARNELLE might now be worth an estimated £284,643.

This is based on house price inflation of 67.4%, between April 2014 and February 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 67.4% inflationary increase is applied to the most recent sale price for PARNELLE of £170,000 on 14th April 2014. For the value to have increased from £170,000 to £284,643 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of PARNELLE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The April 2014 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of PARNELLE has not materially changed since April 2014.

How Large is PARNELLE?

PARNELLE is 137m² according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of semi-detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Somercotes, and where PARNELLE lies on this distribution: 71% of semi-detached houses houses are smaller than PARNELLE, and 29% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

PARNELLE: Plot and Title Map

PARNELLE sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of PARNELLE, 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 PARNELLE). 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 PARNELLE?

PARNELLE is located on KEELING STREET in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of PARNELLE on KEELING STREET.