ROSECROFT, THE GARDENS, HORNCASTLE, LN9 6BQ - £180,000

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

ROSECROFT is a small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £180,000 in October 2021, which was around 28% below the average October 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

ROSECROFT Sold Prices

Land registry data shows three sales for ROSECROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three ROSECROFT 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
2021 8 OCT	£180,000	£251,466	28% below HPI
2004 5 JUL	£142,500	£160,925	11% below HPI
2001 31 JAN	£69,000	£77,428	11% below HPI

ROSECROFT 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 three ROSECROFT sales between January 2001 and October 2021 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 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is ROSECROFT?

ROSECROFT is 75m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 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 ROSECROFT lies on this distribution: 21% of detached houses are smaller than ROSECROFT, and 78% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

ROSECROFT: Plot and Title Map

ROSECROFT sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of ROSECROFT, 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 ROSECROFT). 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 ROSECROFT?

ROSECROFT is located on THE GARDENS in HORNCASTLE, in the LN9 postcode district. The below map shows the position of ROSECROFT on THE GARDENS.