10, SCOTHERN LANE, LANGWORTH, LINCOLN, LN3 5BH - £245,000

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

10 SCOTHERN LANE is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £245,000 in February 2021, which was around 1% below the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was B.

10 SCOTHERN LANE Sold Prices

Land registry data shows three sales for 10 SCOTHERN 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 West Lindsey local authority area for the corresponding sale date. Two of the three 10 SCOTHERN LANE sales were for below the average price, whilst one was 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
2021 1 FEB	£245,000	£247,515	1% below HPI
2004 30 MAR	£155,000	£152,532	2% above HPI
1996 16 OCT	£62,000	£62,799	1% below HPI

10 SCOTHERN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 10 SCOTHERN LANE sales between October 1996 and February 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 March 2004 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 10 SCOTHERN LANE?

10 SCOTHERN LANE is 70m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses in Langworth, based on EPC data. The below chart shows the distribution of detached houses by size in Langworth, and where 10 SCOTHERN LANE lies on this distribution: 7% of detached houses are smaller than 10 SCOTHERN LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Langworth.

10 SCOTHERN LANE: Plot and Title Map

10 SCOTHERN LANE sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of 10 SCOTHERN 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 10 SCOTHERN 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 10 SCOTHERN LANE?

10 SCOTHERN LANE is located in LANGWORTH, in the LN3 postcode district. The below map shows the position of No. 10 on SCOTHERN LANE.