SIRIUS, WEMBLEY ROAD, NORTH SOMERCOTES, LOUTH, LN11 7NP - £155,000

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

SIRIUS is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £155,000 in July 2007, which was around 19% below the average July 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was A.

SIRIUS Sold Prices

Land registry data shows two sales for SIRIUS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two SIRIUS 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
2007 23 JUL	£155,000	£190,636	19% below HPI
2005 12 JUL	£110,000	£167,827	34% below HPI

SIRIUS 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 two SIRIUS sales from July 2005 and July 2007 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 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2007 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is SIRIUS?

SIRIUS is 73m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% 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 SIRIUS lies on this distribution: 15% of detached houses are smaller than SIRIUS, and 83% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

SIRIUS: Plot and Title Map

SIRIUS sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of SIRIUS, 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 SIRIUS). 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 SIRIUS?

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