2, THE SPINNEY, HORNCASTLE, LN9 5BS - £173,000

2 THE SPINNEY is a small detached house of 89m², built sometime between 2003 and 2006. It was last sold for £173,000 in April 2006, which was around 1% below the average April 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

2 THE SPINNEY Sold Prices

Land registry data shows two sales for 2 THE SPINNEY 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. One of the two 2 THE SPINNEY sales was for below the average price, whilst the other was 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
2006 6 APR	£173,000	£174,566	1% below HPI
2003 13 MAY	£195,000	£127,898	52% above HPI

2 THE SPINNEY 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 2 THE SPINNEY sales from May 2003 and April 2006 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 May 2003 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the April 2006 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 THE SPINNEY?

2 THE SPINNEY is 89m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 2 THE SPINNEY lies on this distribution: 36% of detached houses are smaller than 2 THE SPINNEY, and 63% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 THE SPINNEY: Plot and Title Map

2 THE SPINNEY sits on a plot of roughly 0.480 of an acre, or 1,942m². The below map shows the location of 2 THE SPINNEY, 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 2 THE SPINNEY). 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 2 THE SPINNEY?

2 THE SPINNEY is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 2 on THE SPINNEY.