THE PASTURES, JUBILEE ROAD, NORTH SOMERCOTES, LOUTH, LN11 7LH - £105,000

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 PASTURES is a small extended detached house of 77m², built sometime between 1900 and 1929. It was last sold for £105,000 in January 2007, which was around 41% below the average January 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2016, where the current energy rating was G, and the potential energy rating was D.

THE PASTURES Sold Prices

Land registry data shows three sales for THE PASTURES 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 PASTURES sales were for below 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
2007 26 JAN	£105,000	£178,011	41% below HPI
2003 22 DEC	£110,000	£144,620	24% below HPI
1999 15 JAN	£46,000	£67,519	32% below HPI

THE PASTURES 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 PASTURES sales between January 1999 and January 2007 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 December 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2007 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is THE PASTURES?

THE PASTURES is 77m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% 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 PASTURES lies on this distribution: 21% of detached houses are smaller than THE PASTURES, and 77% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THE PASTURES: Plot and Title Map

THE PASTURES sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of THE PASTURES, 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 PASTURES). 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 PASTURES?

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