THE LAURELS, BLACKSMITHS LANE, HARMSTON, LINCOLN, LN5 9SW - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE LAURELS is a midsized extended detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £434,917. It was last sold for £315,000 in November 2016, which was around 44% above the average November 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two THE LAURELS 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
2016 14 NOV	£315,000	£219,274	44% above HPI
2007 4 OCT	£230,000	£197,479	16% above HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two THE LAURELS sales from October 2007 and November 2016 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 October 2007 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2016 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £434,917.

This is based on house price inflation of 38.1%, between November 2016 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.1% inflationary increase is applied to the most recent sale price for THE LAURELS of £315,000 on 14th November 2016. For the value to have increased from £315,000 to £434,917 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2016 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since November 2016.

How Large is THE LAURELS?

THE LAURELS is 148m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses houses in Harmston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harmston, and where THE LAURELS lies on this distribution: 41% of detached houses houses are smaller than THE LAURELS, and 59% of houses are larger. Note that EPC data is not available for all properties in Harmston.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.235 of an acre, or 953m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on BLACKSMITHS LANE in HARMSTON, in the LN5 postcode district. The below map shows the position of THE LAURELS on BLACKSMITHS LANE.