12, LABURNUM DRIVE, CHERRY WILLINGHAM, LINCOLN, LN3 4AS - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 LABURNUM DRIVE is a very large extended detached house of 155m², built sometime between 1950 and 1966. It was last sold for £345,000 in January 2022, which was around 25% above the average January 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was D.

12 LABURNUM DRIVE Sold Prices

Land registry data shows two sales for 12 LABURNUM 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 West Lindsey local authority area for the corresponding sale date. One of the two 12 LABURNUM DRIVE sales was for above the average price, whilst the other was roughly equal to 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 31 JAN	£345,000	£275,232	25% above HPI
2014 23 MAY	£185,000	£184,675	Close to HPI

12 LABURNUM DRIVE 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 two 12 LABURNUM DRIVE sales from May 2014 and January 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 May 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 12 LABURNUM DRIVE?

12 LABURNUM DRIVE is 155m², which includes three extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 10% of detached houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses by size in Cherry Willingham, and where 12 LABURNUM DRIVE lies on this distribution: 92% of detached houses are smaller than 12 LABURNUM DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

12 LABURNUM DRIVE: Plot and Title Map

12 LABURNUM DRIVE sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 12 LABURNUM 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 12 LABURNUM 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 12 LABURNUM DRIVE?

12 LABURNUM DRIVE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 12 on LABURNUM DRIVE.