1, RAVENDALE DRIVE, LINCOLN, LN2 2JN - £189,000

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 RAVENDALE DRIVE is a small detached house of 88m², built sometime between 1976 and 1982. It was last sold for £189,000 in July 2016, which was around 14% below the average July 2016 detached price in the Lincoln local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

1 RAVENDALE DRIVE Sold Prices

Land registry data shows two sales for 1 RAVENDALE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 1 RAVENDALE DRIVE sales were for below 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
2016 28 JUL	£189,000	£219,126	14% below HPI
1998 2 OCT	£62,000	£67,531	8% below HPI

1 RAVENDALE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 1 RAVENDALE DRIVE sales from October 1998 and July 2016 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 1998 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 RAVENDALE DRIVE?

1 RAVENDALE DRIVE is 88m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 1 RAVENDALE DRIVE lies on this distribution: 36% of detached houses are smaller than 1 RAVENDALE DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 RAVENDALE DRIVE: Plot and Title Map

1 RAVENDALE DRIVE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 1 RAVENDALE DRIVE, 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 RAVENDALE DRIVE). 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 RAVENDALE DRIVE?

1 RAVENDALE DRIVE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 1 on RAVENDALE DRIVE.