THE OLD SHOP, ROYAL OAK LANE, AUBOURN, LINCOLN, LN5 9DT - £320,000

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 OLD SHOP is a small extended semi-detached house of 135m², built sometime before 1900, which could now be worth an estimated £456,409. It was last sold for £320,000 in June 2016, which was around 124% above the average June 2016 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

THE OLD SHOP Sold Prices

Land registry data shows three sales for THE OLD SHOP since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. All of the three THE OLD SHOP 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 1 JUN	£320,000	£142,893	124% above HPI
2003 5 AUG	£235,000	£93,085	152% above HPI
2001 30 MAR	£99,950	£49,453	102% above HPI

THE OLD SHOP Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three THE OLD SHOP sales between March 2001 and June 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 August 2003 sale was for 152% above the HPI. So the extrapolation line tracks at 152% above the HPI over time, until the June 2016 sale, where it falls to 124% above the HPI. The line then continues to track at 124% above the HPI.

What might THE OLD SHOP be worth now?

THE OLD SHOP might now be worth an estimated £456,409.

This is based on house price inflation of 42.6%, between June 2016 and February 2025, for semi-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 42.6% inflationary increase is applied to the most recent sale price for THE OLD SHOP of £320,000 on 1st June 2016. For the value to have increased from £320,000 to £456,409 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of THE OLD SHOP has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The June 2016 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SHOP has not materially changed since June 2016.

How Large is THE OLD SHOP?

THE OLD SHOP is 135m², which includes three extensions, according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of semi-detached houses houses in Aubourn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Aubourn, and where THE OLD SHOP lies on this distribution: 24% of semi-detached houses houses are smaller than THE OLD SHOP, and 76% of houses are larger. Note that EPC data is not available for all properties in Aubourn.

THE OLD SHOP: Plot and Title Map

THE OLD SHOP sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of THE OLD SHOP, 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 OLD SHOP). 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 OLD SHOP?

THE OLD SHOP is located on ROYAL OAK LANE in AUBOURN, in the LN5 postcode district. The below map shows the position of THE OLD SHOP on ROYAL OAK LANE.