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House Prices in LN9 House Prices in LN9 (Horncastle)

The average house price in LN9 (Horncastle) is £262,600 using HM Land Registry data.

The average property price increased by £44,080 (21.14%) over the last 5 years and increased by £8,832 (3.3%) over the last 12 months.

Over the last year, there were 148 residential property sales – a decrease of 86 transactions (-58.11%) relative to the previous year. The majority of house sales (42) were in the £100,000 - £162,000 range. Then came properties in the £162,000 - £224,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 45 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,747 (-3%).

In Dec 24, there were 20 new estate agency instructions, 12 agreed home sales and 15 property price reductions.

Nearby Postcodes: DN21, DN36, DN37, LN1, LN10, LN11, LN12, LN13, LN2, LN3, LN4, LN7, LN8, PE20, PE21, PE22, PE23, PE24

5-Year Average Property Prices in LN9 (Horncastle)

21.14%

Property prices in Horncastle increased by 21.14% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LN9 (Horncastle) Over the Last Year

3.3%

Property prices in Horncastle increased by 3.3% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for LN9 (Horncastle) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LN9 (Horncastle)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LN9 (Horncastle)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LN9 (Horncastle)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LN9 (Horncastle) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LN9 postcode area since 1995.

Recent Sales in LN9 (Horncastle)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
35 Thornton Crescent, Horncastle, Lincolnshire, LN9 6JP£250,000£245,000-£5,00010 May 202426 Nov 2024200 Days
4 Osborne Way, Horncastle, Lincolnshire, LN9 5GB£260,000£260,000£0022 Jul 202408 Nov 2024109 Days
10 Granary Way, Horncastle, Lincolnshire, LN9 5SR£335,000£320,000-£15,00025 Mar 202407 Nov 2024227 Days
3 Lodington Court, Horncastle, Lincolnshire, LN9 6RZ£260,000£257,000-£3,00008 Apr 202401 Nov 2024207 Days
46 Foundry Street, Horncastle, Lincolnshire, LN9 6AB£118,000£103,000-£15,00027 Oct 202324 Oct 2024363 Days
30 Queen Street, Horncastle, Lincolnshire, LN9 6BD£250,000£247,000-£3,00016 Dec 202314 Oct 2024303 Days
16 The Ropewalk, Horncastle, Lincolnshire, LN9 5BF£235,000£235,000£0028 Aug 202411 Oct 202444 Days
15 Holly Close, Horncastle, Lincolnshire, LN9 5EX£268,000£268,000£0013 May 202411 Oct 2024151 Days
36 Spilsby Road, Horncastle, Lincolnshire, LN9 6AW£395,000£370,000-£25,00017 Apr 202411 Oct 2024177 Days
12 Saxon Way, Horncastle, Lincolnshire, LN9 6PR£210,000£208,000-£2,00003 Jun 202411 Oct 2024130 Days
2 Wesley Way, Horncastle, Lincolnshire, LN9 6RY£290,000£288,000-£2,00007 May 202411 Oct 2024157 Days
Onslow House, Mareham Road, Horncastle, Lincolnshire, LN9 6HB£595,000£595,000£0024 Apr 202410 Oct 2024169 Days
2 Banovallum Gardens, Horncastle, Lincolnshire, LN9 6PN£199,500£199,500£0025 Jun 202430 Sep 202497 Days
Primrose Cottage, Main Street, West Ashby, Horncastle, Lincolnshire, LN9 5PT£200,000£200,000£0025 May 202420 Sep 2024118 Days
4 Kirk Close, West Ashby, Horncastle, Lincolnshire, LN9 5PX£260,000£260,000£0003 Jul 202419 Sep 202478 Days
Highstone House, Mareham Road, Horncastle, Lincolnshire, LN9 6HA£350,000£350,000£0020 Jan 202402 Aug 2024195 Days
10 Lodington Court, Horncastle, Lincolnshire, LN9 6RZ£229,950£229,950£0012 Mar 202401 Aug 2024142 Days
30 Carlisle Gardens, Horncastle, Lincolnshire, LN9 5LP£375,000£367,500-£7,50004 Mar 202401 Aug 2024150 Days
24 Lincoln Road, Horncastle, Lincolnshire, LN9 5AW£126,000£124,500-£1,50011 Mar 202430 Jul 2024141 Days
12 Park Road, Horncastle, Lincolnshire, LN9 5EF£315,000£315,000£0007 Feb 202429 Jul 2024173 Days

Most Expensive Streets in LN9 (Horncastle)

PostcodeStreetAreaAverageNo. of Sales
LN9 6NTGreethamHorncastle£534,6254
LN9 6LRChapel Lane, BelchfordHorncastle£517,6005
LN9 5UBBilly English WayHorncastle£484,74913
LN9 6PXSalmonbyHorncastle£432,5004
LN9 5REThimblebyHorncastle£386,5318
LN9 5QFHemingbyHorncastle£384,1663
LN9 5FFBlackthorn LaneHorncastle£375,5995
LN9 5ENLouth RoadHorncastle£369,6878
LN9 5AHLangton HillHorncastle£350,0007
LN9 5BELangton CloseHorncastle£346,8754

Least Expensive Streets in LN9 (Horncastle)

PostcodeStreetAreaAverageNo. of Sales
LN9 5DXNorth StreetHorncastle£87,5624
LN9 6AEParadise PlaceHorncastle£87,8004
LN9 5HZBridge StreetHorncastle£94,1254
LN9 6ADParadise RowHorncastle£103,7504
LN9 5DSMill LaneHorncastle£104,6188
LN9 5DWOld Bain Court, Conging Street, HorncastleHorncastle£105,6663
LN9 6AFFoundry StreetHorncastle£112,6666
LN9 6BYCollege CloseHorncastle£114,10010
LN9 6ABFoundry StreetHorncastle£115,50013
LN9 5ADWest StreetHorncastle£121,5005

Explore LN9 (Horncastle) using map

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