THE EAST BARN, THIMBLEBY ROAD, HORNCASTLE, LN9 5RA - £425,000

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 EAST BARN is a very large detached house of 224m². It was last sold for £425,000 in October 2023, which was around 52% above the average October 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was B.

THE EAST BARN Sold Prices

Land registry data shows two sales for THE EAST 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 East Lindsey local authority area for the corresponding sale date. Both of the two THE EAST 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
2023 23 OCT	£425,000	£279,574	52% above HPI
2017 28 APR	£339,500	£206,656	64% above HPI

THE EAST BARN 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 THE EAST BARN sales from April 2017 and October 2023 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 April 2017 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the October 2023 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might THE EAST BARN be worth now?

THE EAST BARN might now be worth an estimated £433,084.

This is based on house price inflation of 1.9%, between October 2023 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 1.9% inflationary increase is applied to the most recent sale price for THE EAST BARN of £425,000 on 23rd October 2023. For the value to have increased from £425,000 to £433,084 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE EAST BARN has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of THE EAST BARN has not materially changed since October 2023.

How Large is THE EAST BARN?

THE EAST BARN is 224m² according to the EPC inspection conducted in November 2015. This puts it in the largest 10% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where THE EAST BARN lies on this distribution: 97% of detached houses houses are smaller than THE EAST BARN, and 3% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

THE EAST BARN: Plot and Title Map

THE EAST BARN sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of THE EAST 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 EAST 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 EAST BARN?

THE EAST BARN is located on THIMBLEBY ROAD in HORNCASTLE, in the LN9 postcode district. The below map shows the position of THE EAST BARN on THIMBLEBY ROAD.