41, MAIN STREET, SCOTHERN, LINCOLN, LN2 2UJ - £240,000

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.

41 MAIN STREET is a very small extended detached house of 100m², built sometime before 1900, which could now be worth an estimated £272,266. It was last sold for £240,000 in August 2021, which was around 7% below the average August 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

41 MAIN STREET Sold Prices

Land registry data shows three sales for 41 MAIN STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three 41 MAIN STREET sales were for below the average price, whilst one 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
2021 10 AUG	£240,000	£259,307	7% below HPI
2009 31 MAR	£160,000	£169,538	6% below HPI
1999 14 JUN	£80,500	£67,711	19% above HPI

41 MAIN STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 41 MAIN STREET sales between June 1999 and August 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 March 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 41 MAIN STREET be worth now?

41 MAIN STREET might now be worth an estimated £272,266.

This is based on house price inflation of 13.4%, between August 2021 and March 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.4% inflationary increase is applied to the most recent sale price for 41 MAIN STREET of £240,000 on 10th August 2021. For the value to have increased from £240,000 to £272,266 over the four years and five months to March 2025, the following assumptions must hold true:

• The value of 41 MAIN STREET has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MAIN STREET has not materially changed since August 2021.

How Large is 41 MAIN STREET?

41 MAIN STREET is 100m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scothern, and where 41 MAIN STREET lies on this distribution: 16% of detached houses houses are smaller than 41 MAIN STREET, and 84% of houses are larger. Note that EPC data is not available for all properties in Scothern.

41 MAIN STREET: Plot and Title Map

41 MAIN STREET sits on a plot of roughly 0.161 of an acre, or 650m². The below map shows the location of 41 MAIN STREET, 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 41 MAIN STREET). 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 41 MAIN STREET?

41 MAIN STREET is located in SCOTHERN, in the LN2 postcode district. The below map shows the position of No. 41 on MAIN STREET.