GREENFRIARS, BELCHFORD, HORNCASTLE, LN9 6LF - £347,500

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.

GREENFRIARS is a large extended detached house of 168m², built sometime before 1900, which could now be worth an estimated £457,660. It was last sold for £347,500 in July 2017, which was around 66% above the average July 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was E.

GREENFRIARS Sold Prices

Land registry data shows two sales for GREENFRIARS 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 GREENFRIARS sales was for above the average price, whilst the other was 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
2017 11 JUL	£347,500	£209,516	66% above HPI
1997 4 APR	£58,000	£58,900	2% below HPI

GREENFRIARS 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 GREENFRIARS sales from April 1997 and July 2017 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 April 1997 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2017 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might GREENFRIARS be worth now?

GREENFRIARS might now be worth an estimated £457,660.

This is based on house price inflation of 31.7%, between July 2017 and August 2025, for detached 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 31.7% inflationary increase is applied to the most recent sale price for GREENFRIARS of £347,500 on 11th July 2017. For the value to have increased from £347,500 to £457,660 over the seven years and eleven months to August 2025, the following assumptions must hold true:

• The value of GREENFRIARS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2017 sale price of £347,500 represented a fair market value for the property.
• The size, condition, and specification of GREENFRIARS has not materially changed since July 2017.

How Large is GREENFRIARS?

GREENFRIARS is 168m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the largest 30% of detached houses houses in Belchford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belchford, and where GREENFRIARS lies on this distribution: 77% of detached houses houses are smaller than GREENFRIARS, and 23% of houses are larger. Note that EPC data is not available for all properties in Belchford.

GREENFRIARS: Plot and Title Map

GREENFRIARS sits on a plot of roughly 0.237 of an acre, or 959m². The below map shows the location of GREENFRIARS, 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 GREENFRIARS). 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 GREENFRIARS?

GREENFRIARS is located in BELCHFORD, in the LN9 postcode district. The below map shows the position of GREENFRIARS in BELCHFORD.