STRAYLIGHT, NORTH ROAD, TETFORD, HORNCASTLE, LN9 6QH - £135,000

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

STRAYLIGHT is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £135,000 in March 2015, which was around 24% below the average March 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

STRAYLIGHT Sold Prices

Land registry data shows four sales for STRAYLIGHT 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. All of the four STRAYLIGHT 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
2015 27 MAR	£135,000	£177,002	24% below HPI
2006 26 SEP	£155,500	£178,910	13% below HPI
2002 7 JUN	£73,000	£100,843	28% below HPI
1997 16 JUL	£38,000	£61,347	38% below HPI

STRAYLIGHT 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 STRAYLIGHT sales between July 1997 and March 2015 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 September 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might STRAYLIGHT be worth now?

STRAYLIGHT might now be worth an estimated £217,288.

This is based on house price inflation of 61%, between March 2015 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61% inflationary increase is applied to the most recent sale price for STRAYLIGHT of £135,000 on 27th March 2015. For the value to have increased from £135,000 to £217,288 over the eight years and three months to December 2024, the following assumptions must hold true:

• The value of STRAYLIGHT has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2015 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of STRAYLIGHT has not materially changed since March 2015.

How Large is STRAYLIGHT?

STRAYLIGHT is 56m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Tetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tetford, and where STRAYLIGHT lies on this distribution: 5% of detached houses houses are smaller than STRAYLIGHT, and 95% of houses are larger. Note that EPC data is not available for all properties in Tetford.

STRAYLIGHT: Plot and Title Map

STRAYLIGHT sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of STRAYLIGHT, 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 STRAYLIGHT). 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 STRAYLIGHT?

STRAYLIGHT is located on NORTH ROAD in TETFORD, in the LN9 postcode district. The below map shows the position of STRAYLIGHT on NORTH ROAD.