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House Prices in LN9 House Prices in LN9 (Horncastle)

The average house price in LN9 (Horncastle) is £332,250 using HM Land Registry data.

The average property price increased by £52,973 (21.14%) over the last 5 years and increased by £10,614 (3.3%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 93 transactions (-69.92%) relative to the previous year. The majority of house sales (28) were in the £100,000 - £160,000 range. Then came properties in the £160,000 - £220,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 92 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,215 (-2%).

In Oct 24, there were 34 new estate agency instructions, 19 agreed home sales and 29 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) - Oct 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
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
47 Spilsby Road, Horncastle, Lincolnshire, LN9 6AW£240,000£235,000-£5,00024 Jan 202412 Jul 2024170 Days
The Leas, Chapel Lane, Belchford, Horncastle, Lincolnshire, LN9 6LR£675,000£675,000£0024 May 202412 Jul 202449 Days
3 Boston Road, Horncastle, Lincolnshire, LN9 6EY£250,000£243,000-£7,00030 Nov 202302 Jul 2024215 Days
Tudor Rose, Southfield Place, Horncastle, Lincolnshire, LN9 6EN£260,000£253,600-£6,40006 Feb 202424 Jun 2024139 Days
20 Accommodation Road, Horncastle, Lincolnshire, LN9 5AS£160,000£155,000-£5,00019 Feb 202411 Jun 2024113 Days
67 Louth Road, Horncastle, Lincolnshire, LN9 5EN£375,000£360,000-£15,00013 Sep 202304 Jun 2024265 Days
35 Lodington Court, Horncastle, Lincolnshire, LN9 6RZ£180,000£180,000£0009 Mar 202424 May 202476 Days
42 Mark Avenue, Horncastle, Lincolnshire, LN9 5BD£170,000£160,000-£10,00003 Feb 202408 May 202495 Days
15 Tudor Park, Horncastle, Lincolnshire, LN9 5EZ£289,950£285,000-£4,95029 Jan 202410 Apr 202472 Days
60 Foundry Street, Horncastle, Lincolnshire, LN9 6AB£115,000£115,000£0019 Jan 202405 Apr 202477 Days
88 Foundry Street, Horncastle, Lincolnshire, LN9 6AF£125,000£123,000-£2,00014 Feb 202405 Apr 202451 Days
71 Foundry Street, Horncastle, Lincolnshire, LN9 6AG£110,000£105,000-£5,00010 Nov 202328 Mar 2024139 Days
29 Foundry Street, Horncastle, Lincolnshire, LN9 6AB£115,000£110,000-£5,00017 Jan 202425 Mar 202468 Days
62 Lincoln Road, Horncastle, Lincolnshire, LN9 5AW£150,000£145,000-£5,00006 Nov 202313 Mar 2024128 Days
7 Thornton Crescent, Horncastle, Lincolnshire, LN9 6JP£300,000£300,000£0022 Dec 202329 Feb 202469 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 5FNStanley WayHorncastle£387,8204
LN9 5REThimblebyHorncastle£386,5318
LN9 5QFHemingbyHorncastle£384,1663
LN9 5FFBlackthorn LaneHorncastle£375,5995
LN9 5ENLouth RoadHorncastle£369,6878
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£98,8005
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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