SCHOOL HOUSE, FERRY ROAD, SOUTHREY, LINCOLN, LN3 5TA - £309,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SCHOOL HOUSE is a large extended detached house of 121m², built sometime before 1900, which could now be worth an estimated £316,085. It was last sold for £309,000 in July 2024, which was around 11% above the average July 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

SCHOOL HOUSE Sold Prices

Land registry data shows two sales for SCHOOL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two SCHOOL HOUSE sales was for above the average price, whilst the other 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
2024 19 JUL	£309,000	£278,533	11% above HPI
2004 30 APR	£135,000	£155,617	13% below HPI

SCHOOL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two SCHOOL HOUSE sales from April 2004 and July 2024 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 April 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2024 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might SCHOOL HOUSE be worth now?

SCHOOL HOUSE might now be worth an estimated £316,085.

This is based on house price inflation of 2.3%, between July 2024 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for SCHOOL HOUSE of £309,000 on 19th July 2024. For the value to have increased from £309,000 to £316,085 over the seven months to December 2024, the following assumptions must hold true:

• The value of SCHOOL HOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2024 sale price of £309,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL HOUSE has not materially changed since July 2024.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 121m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses houses in Southrey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southrey, and where SCHOOL HOUSE lies on this distribution: 66% of detached houses houses are smaller than SCHOOL HOUSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Southrey.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.190 of an acre, or 767m². The below map shows the location of SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on FERRY ROAD in SOUTHREY, in the LN3 postcode district. The below map shows the position of SCHOOL HOUSE on FERRY ROAD.