TARAVIE, NETTLEHAM ROAD, SCOTHERN, LINCOLN, LN2 2TY - £250,000

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

TARAVIE is a small extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £245,909. It was last sold for £250,000 in October 2024, which was around 16% below the average October 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was C.

TARAVIE Sold Prices

Land registry data shows three sales for TARAVIE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three TARAVIE 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
2024 31 OCT	£250,000	£295,957	16% below HPI
1996 31 JUL	£49,500	£62,091	20% below HPI
1995 22 SEP	£36,000	£62,617	43% below HPI

TARAVIE 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 three TARAVIE sales between September 1995 and October 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 July 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might TARAVIE be worth now?

TARAVIE might now be worth an estimated £245,909.

This is based on house price deflation of 1.6%, between October 2024 and February 2025, 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 1.6% deflationary decrease is applied to the most recent sale price for TARAVIE of £250,000 on 31st October 2024. For the value to have decreased from £250,000 to £245,909 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of TARAVIE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2024 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of TARAVIE has not materially changed since October 2024.

How Large is TARAVIE?

TARAVIE is 114m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 30% of detached houses houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scothern, and where TARAVIE lies on this distribution: 23% of detached houses houses are smaller than TARAVIE, and 75% of houses are larger. Note that EPC data is not available for all properties in Scothern.

TARAVIE: Plot and Title Map

TARAVIE sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of TARAVIE, 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 TARAVIE). 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 TARAVIE?

TARAVIE is located on NETTLEHAM ROAD in SCOTHERN, in the LN2 postcode district. The below map shows the position of TARAVIE on NETTLEHAM ROAD.