THE LILACS, CONISHOLME ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PS - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE LILACS is a very large extended detached house of 233m², built sometime between 1983 and 1990. It was last sold for £365,000 in January 2017, which was around 84% above the average January 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

THE LILACS Sold Prices

Land registry data shows three sales for THE LILACS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three THE LILACS 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 9 JAN	£365,000	£198,825	84% above HPI
2006 1 MAR	£350,000	£168,359	108% above HPI
2001 11 APR	£170,000	£78,743	116% above HPI

THE LILACS 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 three THE LILACS sales between April 2001 and January 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 108% above the HPI. So the extrapolation line tracks at 108% above the HPI over time, until the January 2017 sale, where it falls to 84% above the HPI. The line then continues to track at 84% above the HPI.

How Large is THE LILACS?

THE LILACS is 233m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where THE LILACS lies on this distribution: 97% of detached houses are smaller than THE LILACS, and 3% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THE LILACS: Plot and Title Map

THE LILACS sits on a plot of roughly 0.385 of an acre, or 1,558m². The below map shows the location of THE LILACS, 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 LILACS). 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 LILACS?

THE LILACS is located on CONISHOLME ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of THE LILACS on CONISHOLME ROAD.