THORNDYKE, BANK END, NORTH SOMERCOTES, LOUTH, LN11 7LJ - £158,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THORNDYKE is a large detached house of 151m², built sometime between 1983 and 1990, which could now be worth an estimated £270,559. It was last sold for £158,000 in January 2014, which was around 5% below the average January 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

THORNDYKE Sold Prices

Land registry data shows three sales for THORNDYKE 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. One of the three THORNDYKE sales was for below the average price, whilst two 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
2014 31 JAN	£158,000	£166,370	5% below HPI
1998 18 SEP	£74,500	£66,334	12% above HPI
1995 3 MAR	£75,000	£59,171	27% above HPI

THORNDYKE 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 THORNDYKE sales between March 1995 and January 2014 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 September 1998 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2014 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might THORNDYKE be worth now?

THORNDYKE might now be worth an estimated £270,559.

This is based on house price inflation of 71.2%, between January 2014 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.2% inflationary increase is applied to the most recent sale price for THORNDYKE of £158,000 on 31st January 2014. For the value to have increased from £158,000 to £270,559 over the nine years and one month to December 2024, the following assumptions must hold true:

• The value of THORNDYKE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2014 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of THORNDYKE has not materially changed since January 2014.

How Large is THORNDYKE?

THORNDYKE is 151m² according to the EPC inspection conducted in June 2014. This puts it in the largest 30% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where THORNDYKE lies on this distribution: 77% of detached houses houses are smaller than THORNDYKE, and 23% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THORNDYKE: Plot and Title Map

THORNDYKE sits on a plot of roughly 0.273 of an acre, or 1,106m². The below map shows the location of THORNDYKE, 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 THORNDYKE). 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 THORNDYKE?

THORNDYKE is located on BANK END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of THORNDYKE on BANK END.