1, FARMERS WAY, MARTIN, LINCOLN, LN4 3QW - £480,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FARMERS WAY is a large detached house of 168m², built in 2022. It was last sold for £480,000 in July 2022, which was around 55% above the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was A.

1 FARMERS WAY Sold Prices

Land registry data shows two sales for 1 FARMERS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 1 FARMERS 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
2022 20 JUL	£480,000	£310,547	55% above HPI
2020 6 NOV	£400,000	£266,312	50% above HPI

1 FARMERS 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 two 1 FARMERS WAY sales from November 2020 and July 2022 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 November 2020 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the July 2022 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is 1 FARMERS WAY?

1 FARMERS WAY is 168m² according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where 1 FARMERS WAY lies on this distribution: 72% of detached houses are smaller than 1 FARMERS WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Martin.

1 FARMERS WAY: Plot and Title Map

1 FARMERS WAY sits on a plot of roughly 1.6 acres, or 6,628m². The below map shows the location of 1 FARMERS 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 1 FARMERS 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 1 FARMERS WAY?

1 FARMERS WAY is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 1 on FARMERS WAY.