1, SCHOOL LANE, WASHINGBOROUGH, LINCOLN, LN4 1BL - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SCHOOL LANE is a very small detached house of 87m², built sometime between 1930 and 1949, which could now be worth an estimated £292,449. It was last sold for £270,000 in June 2021, which was around 1% below the average June 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was B.

1 SCHOOL LANE Sold Prices

Land registry data shows three sales for 1 SCHOOL LANE 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 1 SCHOOL LANE 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
2021 7 JUN	£270,000	£272,026	1% below HPI
2021 1 FEB	£175,000	£270,024	35% below HPI
1999 3 DEC	£57,000	£71,970	21% below HPI

1 SCHOOL LANE 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 1 SCHOOL LANE sales between December 1999 and June 2021 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 February 2021 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 1 SCHOOL LANE be worth now?

1 SCHOOL LANE might now be worth an estimated £292,449.

This is based on house price inflation of 8.3%, between June 2021 and December 2024, 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 8.3% inflationary increase is applied to the most recent sale price for 1 SCHOOL LANE of £270,000 on 7th June 2021. For the value to have increased from £270,000 to £292,449 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 1 SCHOOL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SCHOOL LANE has not materially changed since June 2021.

How Large is 1 SCHOOL LANE?

1 SCHOOL LANE is 87m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Washingborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Washingborough, and where 1 SCHOOL LANE lies on this distribution: 18% of detached houses houses are smaller than 1 SCHOOL LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Washingborough.

1 SCHOOL LANE: Plot and Title Map

1 SCHOOL LANE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 1 SCHOOL LANE, 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 SCHOOL LANE). 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 SCHOOL LANE?

1 SCHOOL LANE is located in WASHINGBOROUGH, in the LN4 postcode district. The below map shows the position of No. 1 on SCHOOL LANE.