15, LABURNUM DRIVE, CHERRY WILLINGHAM, LINCOLN, LN3 4AT - £179,000

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

15 LABURNUM DRIVE is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £179,000 in January 2020, which was around 21% below the average January 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

15 LABURNUM DRIVE Sold Prices

Land registry data shows two sales for 15 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. Both of the two 15 LABURNUM 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
2020 17 JAN	£179,000	£225,942	21% below HPI
2006 28 JUL	£140,000	£174,560	20% below HPI

15 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 15 LABURNUM DRIVE sales from July 2006 and January 2020 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 July 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 15 LABURNUM DRIVE?

15 LABURNUM DRIVE is 86m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% 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 15 LABURNUM DRIVE lies on this distribution: 38% of detached houses are smaller than 15 LABURNUM DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

15 LABURNUM DRIVE: Plot and Title Map

15 LABURNUM DRIVE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 15 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 15 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 15 LABURNUM DRIVE?

15 LABURNUM DRIVE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 15 on LABURNUM DRIVE.