22, WOOLPACK MEADOWS, NORTH SOMERCOTES, LOUTH, LN11 7QG - £115,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 WOOLPACK MEADOWS is a small terraced house of 81m², built sometime between 2003 and 2006, which could now be worth an estimated £181,560. It was last sold for £115,000 in April 2014, which was around 24% above the average April 2014 terraced price in the East Lindsey local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

22 WOOLPACK MEADOWS Sold Prices

Land registry data shows two sales for 22 WOOLPACK MEADOWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Both of the two 22 WOOLPACK MEADOWS 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
2014 30 APR	£115,000	£92,517	24% above HPI
2006 22 NOV	£118,000	£96,936	22% above HPI

22 WOOLPACK MEADOWS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The two 22 WOOLPACK MEADOWS sales from November 2006 and April 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 November 2006 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the April 2014 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 22 WOOLPACK MEADOWS be worth now?

22 WOOLPACK MEADOWS might now be worth an estimated £181,560.

This is based on house price inflation of 57.9%, between April 2014 and April 2026, for terraced 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 57.9% inflationary increase is applied to the most recent sale price for 22 WOOLPACK MEADOWS of £115,000 on 30th April 2014. For the value to have increased from £115,000 to £181,560 over the twelve years to April 2026, the following assumptions must hold true:

• The value of 22 WOOLPACK MEADOWS has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The April 2014 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 22 WOOLPACK MEADOWS has not materially changed since April 2014.

How Large is 22 WOOLPACK MEADOWS?

22 WOOLPACK MEADOWS is 81m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 30% of terraced houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in North Somercotes, and where 22 WOOLPACK MEADOWS lies on this distribution: 23% of terraced houses houses are smaller than 22 WOOLPACK MEADOWS, and 77% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

22 WOOLPACK MEADOWS: Plot and Title Map

22 WOOLPACK MEADOWS sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 22 WOOLPACK MEADOWS, 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 22 WOOLPACK MEADOWS). 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 22 WOOLPACK MEADOWS?

22 WOOLPACK MEADOWS is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 22 on WOOLPACK MEADOWS.