2, TOWNSEND WAY, METHERINGHAM, LINCOLN, LN4 3GB - £410,000

2 TOWNSEND WAY is a very large extended detached house of 177m², built sometime between 1996 and 2002. It was last sold for £410,000 in November 2023, which was around 34% above the average November 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was C.

2 TOWNSEND WAY Sold Prices

Land registry data shows three sales for 2 TOWNSEND WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 2 TOWNSEND WAY sales were for above 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 22 NOV	£410,000	£306,495	34% above HPI
2018 12 OCT	£331,000	£255,395	30% above HPI
2002 11 NOV	£223,000	£122,156	83% above HPI

2 TOWNSEND WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 2 TOWNSEND WAY sales between November 2002 and November 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 October 2018 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2023 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 2 TOWNSEND WAY?

2 TOWNSEND WAY is 177m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 10% of detached houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses by size in Metheringham, and where 2 TOWNSEND WAY lies on this distribution: 97% of detached houses are smaller than 2 TOWNSEND WAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

2 TOWNSEND WAY: Plot and Title Map

2 TOWNSEND WAY sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 2 TOWNSEND WAY, 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 2 TOWNSEND WAY). 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 2 TOWNSEND WAY?

2 TOWNSEND WAY is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 2 on TOWNSEND WAY.