THE BARN, HIGH THORPE, SOUTHREY, LINCOLN, LN3 5TB - £334,000

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

THE BARN is a very large extended detached house of 224m², built sometime between 1991 and 1995, which could now be worth an estimated £425,875. It was last sold for £334,000 in December 2017, which was around 49% above the average December 2017 detached price in the West 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.

THE BARN Sold Prices

Land registry data shows two sales for THE BARN 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. Both of the two THE BARN sales were for above 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
2017 19 DEC	£334,000	£223,453	49% above HPI
2006 30 MAR	£245,000	£180,885	35% above HPI

THE BARN 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 THE BARN sales from March 2006 and December 2017 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 March 2006 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the December 2017 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might THE BARN be worth now?

THE BARN might now be worth an estimated £425,875.

This is based on house price inflation of 27.5%, between December 2017 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 27.5% inflationary increase is applied to the most recent sale price for THE BARN of £334,000 on 19th December 2017. For the value to have increased from £334,000 to £425,875 over the seven years to December 2024, the following assumptions must hold true:

• The value of THE BARN has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2017 sale price of £334,000 represented a fair market value for the property.
• The size, condition, and specification of THE BARN has not materially changed since December 2017.

How Large is THE BARN?

THE BARN is 224m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 10% 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 THE BARN lies on this distribution: 91% of detached houses houses are smaller than THE BARN, and 9% of houses are larger. Note that EPC data is not available for all properties in Southrey.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.351 of an acre, or 1,421m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on HIGH THORPE in SOUTHREY, in the LN3 postcode district. The below map shows the position of THE BARN on HIGH THORPE.