9, NICHOL HILL, LOUTH, LN11 9NQ - £92,500

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.

9 NICHOL HILL is a very small extended terraced house of 57m², built sometime before 1900, which could now be worth an estimated £99,817. It was last sold for £92,500 in June 2021, which was around 28% below the average June 2021 terraced price in the East Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was B.

9 NICHOL HILL Sold Prices

Land registry data shows two sales for 9 NICHOL HILL 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 9 NICHOL HILL 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 25 JUN	£92,500	£128,756	28% below HPI
2019 3 JUN	£87,000	£113,495	23% below HPI

9 NICHOL HILL 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 9 NICHOL HILL sales from June 2019 and June 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 June 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 9 NICHOL HILL be worth now?

9 NICHOL HILL might now be worth an estimated £99,817.

This is based on house price inflation of 7.9%, between June 2021 and June 2025, 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 7.9% inflationary increase is applied to the most recent sale price for 9 NICHOL HILL of £92,500 on 25th June 2021. For the value to have increased from £92,500 to £99,817 over the four years to June 2025, the following assumptions must hold true:

• The value of 9 NICHOL HILL has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The June 2021 sale price of £92,500 represented a fair market value for the property.
• The size, condition, and specification of 9 NICHOL HILL has not materially changed since June 2021.

How Large is 9 NICHOL HILL?

9 NICHOL HILL is 57m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of terraced houses houses in Louth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Louth, and where 9 NICHOL HILL lies on this distribution: 2% of terraced houses houses are smaller than 9 NICHOL HILL, and 97% of houses are larger. Note that EPC data is not available for all properties in Louth.

9 NICHOL HILL: Plot and Title Map

9 NICHOL HILL sits on a plot of roughly 0.010 of an acre, or 40m². The below map shows the location of 9 NICHOL HILL, 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 9 NICHOL HILL). 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 9 NICHOL HILL?

9 NICHOL HILL is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 9 on NICHOL HILL.