THE RETREAT, CHURCHILL ROAD, NORTH SOMERCOTES, LOUTH, LN11 7QS - £320,000

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 RETREAT is a midsized extended detached house of 105m², built sometime before 1900. It was last sold for £320,000 in September 2021, which was around 30% above the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2017, where the current energy rating was F, and the potential energy rating was B.

THE RETREAT Sold Prices

Land registry data shows two sales for THE RETREAT 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. Both of the two THE RETREAT 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
2021 30 SEP	£320,000	£245,698	30% above HPI
2020 14 FEB	£260,000	£212,241	23% above HPI

THE RETREAT 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 RETREAT sales from February 2020 and September 2021 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 February 2020 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the September 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is THE RETREAT?

THE RETREAT is 105m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 50% 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 RETREAT lies on this distribution: 51% of detached houses are smaller than THE RETREAT, and 48% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 4.3 acres, or 17,602m². The below map shows the location of THE RETREAT, 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 RETREAT). 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 RETREAT?

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