SORRENTO, FANNY HANDS LANE, LUDFORD, MARKET RASEN, LN8 6AL - £190,000

SORRENTO is a very small detached house of 68m², built sometime between 1950 and 1966. It was last sold for £190,000 in August 2023, which was around 35% below the average August 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2023, where the current energy rating was E, and the potential energy rating was C.

SORRENTO Sold Prices

Land registry data shows four sales for SORRENTO since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four SORRENTO 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
2023 25 AUG	£190,000	£291,414	35% below HPI
2007 26 APR	£135,000	£186,442	28% below HPI
2002 10 MAY	£64,500	£98,349	34% below HPI
1999 4 OCT	£49,000	£67,772	28% below HPI

SORRENTO 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 four SORRENTO sales between October 1999 and August 2023 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 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is SORRENTO?

SORRENTO is 68m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where SORRENTO lies on this distribution: 15% of detached houses are smaller than SORRENTO, and 85% of houses are larger. Note that EPC data is not available for all properties in Ludford.

SORRENTO: Plot and Title Map

SORRENTO sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of SORRENTO, 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 SORRENTO). 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 SORRENTO?

SORRENTO is located on FANNY HANDS LANE in LUDFORD, in the LN8 postcode district. The below map shows the position of SORRENTO on FANNY HANDS LANE.