ROMARKEN, CONISHOLME ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PS - £275,000

ROMARKEN is a large extended detached house of 138m², built sometime between 1967 and 1975. It was last sold for £275,000 in April 2022, which was around 4% above the average April 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

ROMARKEN Sold Prices

Land registry data shows two sales for ROMARKEN 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 ROMARKEN 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
2022 7 APR	£275,000	£265,146	4% above HPI
2006 24 AUG	£140,000	£176,973	21% below HPI

ROMARKEN 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 ROMARKEN sales from August 2006 and April 2022 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 August 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is ROMARKEN?

ROMARKEN is 138m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where ROMARKEN lies on this distribution: 72% of detached houses are smaller than ROMARKEN, and 28% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

ROMARKEN: Plot and Title Map

ROMARKEN sits on a plot of roughly 0.205 of an acre, or 829m². The below map shows the location of ROMARKEN, 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 ROMARKEN). 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 ROMARKEN?

ROMARKEN is located on CONISHOLME ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of ROMARKEN on CONISHOLME ROAD.