SHOALWATER, CHURCH END, NORTH SOMERCOTES, LOUTH, LN11 7PZ - £123,000

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

SHOALWATER is a midsized extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £123,000 in February 2013, which was around 22% below the average February 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

SHOALWATER Sold Prices

Land registry data shows three sales for SHOALWATER 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 SHOALWATER 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
2013 14 FEB	£123,000	£157,348	22% below HPI
1999 5 NOV	£58,000	£69,337	16% below HPI
1996 30 SEP	£46,000	£58,109	21% below HPI

SHOALWATER 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 SHOALWATER sales between September 1996 and February 2013 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 November 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2013 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is SHOALWATER?

SHOALWATER is 102m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the smallest 50% 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 SHOALWATER lies on this distribution: 49% of detached houses are smaller than SHOALWATER, and 51% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

SHOALWATER: Plot and Title Map

SHOALWATER sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of SHOALWATER, 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 SHOALWATER). 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 SHOALWATER?

SHOALWATER is located on CHURCH END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of SHOALWATER on CHURCH END.