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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FARMERS WAY is a large detached house of 168m², built in 2022, which could now be worth an estimated £473,949. It was last sold for £480,000 in July 2022, which was around 57% 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	£306,614	57% above HPI
2020 6 NOV	£400,000	£262,939	52% 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 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the July 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 1 FARMERS WAY be worth now?

1 FARMERS WAY might now be worth an estimated £473,949.

This is based on house price deflation of 1.3%, between July 2022 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for 1 FARMERS WAY of £480,000 on 20th July 2022. For the value to have decreased from £480,000 to £473,949 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 1 FARMERS WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FARMERS WAY has not materially changed since July 2022.

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 houses in Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martin, and where 1 FARMERS WAY lies on this distribution: 71% of detached houses houses are smaller than 1 FARMERS WAY, and 29% 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 0.334 of an acre, or 1,353m². 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.