TROODOS, KEELING STREET, NORTH SOMERCOTES, LOUTH, LN11 7PL - £160,000

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

TROODOS is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £160,000 in March 2021, which was around 31% below the average March 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was C.

TROODOS Sold Prices

Land registry data shows five sales for TROODOS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five TROODOS 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
2021 9 MAR	£160,000	£233,062	31% below HPI
2003 6 FEB	£115,000	£120,209	4% below HPI
2000 24 JUL	£64,950	£75,156	14% below HPI
1999 17 SEP	£56,500	£68,475	17% below HPI
1996 14 JUN	£48,500	£55,828	13% below HPI

TROODOS 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 five TROODOS sales between June 1996 and March 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 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is TROODOS?

TROODOS is 86m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% 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 TROODOS lies on this distribution: 32% of detached houses are smaller than TROODOS, and 67% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

TROODOS: Plot and Title Map

TROODOS sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of TROODOS, 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 TROODOS). 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 TROODOS?

TROODOS is located on KEELING STREET in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of TROODOS on KEELING STREET.