THE LAURELS, LINCOLN ROAD, HORNCASTLE, LN9 5AW - £230,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE LAURELS is a very small detached house of 68m². It was last sold for £230,000 in September 2023, which was around 19% below the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

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 East Lindsey local authority area for the corresponding sale date. One of the two THE LAURELS sales was for below the average price, whilst the other was 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 22 SEP	£230,000	£283,775	19% below HPI
1999 29 JUL	£95,000	£67,601	41% above HPI

THE LAURELS 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 LAURELS sales from July 1999 and September 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 July 1999 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the September 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 68m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where THE LAURELS lies on this distribution: 14% of detached houses are smaller than THE LAURELS, and 86% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.077 of an acre, or 313m². 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 LINCOLN ROAD in HORNCASTLE, in the LN9 postcode district. The below map shows the position of THE LAURELS on LINCOLN ROAD.