RIVENDELL, SOUTH ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PT - £186,000

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

RIVENDELL is a large detached house of 139m², built sometime between 1976 and 1982. It was last sold for £186,000 in June 2017, which was around 8% below the average June 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was D.

RIVENDELL Sold Prices

Land registry data shows four sales for RIVENDELL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. two of the four RIVENDELL sales were for below the average price, and four 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
2017 1 JUN	£186,000	£202,435	8% below HPI
2001 12 JUL	£84,950	£80,837	5% above HPI
1998 19 OCT	£65,000	£64,551	1% above HPI
1998 4 FEB	£61,350	£62,385	2% below HPI

RIVENDELL 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 four RIVENDELL sales between February 1998 and June 2017 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 July 2001 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is RIVENDELL?

RIVENDELL is 139m² according to the EPC inspection conducted in May 2010. This puts it in the largest 30% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where RIVENDELL lies on this distribution: 72% of detached houses are smaller than RIVENDELL, and 28% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

RIVENDELL: Plot and Title Map

RIVENDELL sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of RIVENDELL, 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 RIVENDELL). 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 RIVENDELL?

RIVENDELL is located on SOUTH ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of RIVENDELL on SOUTH ROAD.