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House Prices in LN9

The average house price in LN9 (Horncastle) is £210,590 using HM Land Registry data.

The average property price increased by £64,422 (21.14%) over the last 5 years and increased by £12,878 (3.3%) over the last 12 months.

Over the last year, there were 159 residential property sales – a decrease of 94 transactions (-59.12%) relative to the previous year. The majority of house sales (39) were in the £178,000 - £236,000 range. Then came properties in the £120,000 - £178,000 range, where 32 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 £-5,215 (-2%).

In June 2024, there were 38 new estate agency instructions, 34 agreed home sales and 17 property price reductions.

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.

Property Market Heat Gauge for LN9 (Horncastle) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
42 Mark Avenue, Horncastle, Lincolnshire, LN9 5BD	£170,000	£160,000	-£10,000	03 Feb 2024	08 May 2024	95 Days
15 Tudor Park, Horncastle, Lincolnshire, LN9 5EZ	£289,950	£285,000	-£4,950	29 Jan 2024	10 Apr 2024	72 Days
60 Foundry Street, Horncastle, Lincolnshire, LN9 6AB	£115,000	£115,000	£00	19 Jan 2024	05 Apr 2024	77 Days
88 Foundry Street, Horncastle, Lincolnshire, LN9 6AF	£125,000	£123,000	-£2,000	14 Feb 2024	05 Apr 2024	51 Days
7 Thornton Crescent, Horncastle, Lincolnshire, LN9 6JP	£300,000	£300,000	£00	22 Dec 2023	29 Feb 2024	69 Days
3 Langton Close, Horncastle, Lincolnshire, LN9 5BE	£350,000	£350,000	£00	15 Sep 2023	21 Feb 2024	159 Days
17 Saxon Way, Horncastle, Lincolnshire, LN9 6PR	£170,000	£160,000	-£10,000	12 Sep 2023	19 Feb 2024	160 Days
12 Spilsby Road, Horncastle, Lincolnshire, LN9 6AL	£260,000	£250,000	-£10,000	07 Nov 2023	16 Feb 2024	101 Days
62 Mark Avenue, Horncastle, Lincolnshire, LN9 5BD	£250,000	£250,000	£00	15 Sep 2023	08 Feb 2024	146 Days
18 Mill Lane, Horncastle, Lincolnshire, LN9 5DS	£95,000	£91,500	-£3,500	02 Oct 2023	06 Feb 2024	127 Days
9 Banovallum Gardens, Horncastle, Lincolnshire, LN9 6PN	£195,000	£185,000	-£10,000	11 Oct 2023	26 Jan 2024	107 Days
6 Stanhope Road, Horncastle, Lincolnshire, LN9 5DG	£495,000	£490,000	-£5,000	28 Oct 2023	24 Jan 2024	88 Days
2 Hemingby Way, Horncastle, Lincolnshire, LN9 5EU	£265,000	£262,000	-£3,000	06 Jul 2023	16 Jan 2024	194 Days
Bargates, The Gardens, Horncastle, Lincolnshire, LN9 6BQ	£350,000	£350,000	£00	15 Jun 2023	08 Jan 2024	207 Days
18 Roman Way, Horncastle, Lincolnshire, LN9 6PL	£200,000	£180,000	-£20,000	03 Jul 2023	04 Jan 2024	185 Days
11 Winceby Gardens, Horncastle, Lincolnshire, LN9 6PJ	£220,000	£200,000	-£20,000	11 Sep 2023	19 Dec 2023	99 Days
Larkrise, Elmhirst Road, Horncastle, Lincolnshire, LN9 5AT	£340,000	£325,000	-£15,000	26 Nov 2022	15 Dec 2023	384 Days
58 Foundry Street, Horncastle, Lincolnshire, LN9 6AB	£130,000	£122,500	-£7,500	13 Apr 2023	08 Dec 2023	239 Days
62 Boston Road, Horncastle, Lincolnshire, LN9 6EL	£260,000	£250,000	-£10,000	16 Jun 2023	07 Dec 2023	174 Days
32 Wesley Way, Horncastle, Lincolnshire, LN9 6RY	£320,000	£310,000	-£10,000	09 Aug 2023	04 Dec 2023	117 Days

Most Expensive Streets in LN9 (Horncastle)

Postcode	Street	Area	Average	No. of Sales
LN9 6NT	Greetham	Horncastle	£534,625	4
LN9 5UB	Billy English Way	Horncastle	£480,978	12
LN9 6LR	Chapel Lane, Belchford	Horncastle	£478,250	4
LN9 6PX	Salmonby	Horncastle	£435,000	3
LN9 5RE	Thimbleby	Horncastle	£409,607	7
LN9 5QF	Hemingby	Horncastle	£384,166	3
LN9 5FF	Blackthorn Lane	Horncastle	£375,599	5
LN9 5EN	Louth Road	Horncastle	£371,562	8
LN9 5BE	Langton Close	Horncastle	£346,875	4
LN9 5FN	Stanley Way	Horncastle	£340,256	5

Least Expensive Streets in LN9 (Horncastle)

Postcode	Street	Area	Average	No. of Sales
LN9 5DX	North Street	Horncastle	£83,875	6
LN9 6AE	Paradise Place	Horncastle	£87,800	4
LN9 5DN	St Lawrence Street	Horncastle	£96,000	3
LN9 5HZ	Bridge Street	Horncastle	£97,333	3
LN9 5DS	Mill Lane	Horncastle	£100,118	8
LN9 6AD	Paradise Row	Horncastle	£100,200	5
LN9 5DW	Old Bain Court, Conging Street, Horncastle	Horncastle	£105,666	3
LN9 6AB	Foundry Street	Horncastle	£112,635	14
LN9 6AF	Foundry Street	Horncastle	£112,666	6
LN9 6BY	College Close	Horncastle	£115,540	11