1A, MINSTER DRIVE, CHERRY WILLINGHAM, LINCOLN, LN3 4LP - £257,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1A MINSTER DRIVE is a small detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £305,519. It was last sold for £257,500 in January 2021, which was around 5% above the average January 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

1A MINSTER DRIVE Sold Prices

Land registry data shows two sales for 1A MINSTER 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 1A MINSTER DRIVE sales was for above the average price, whilst the other was 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 JAN	£257,500	£245,359	5% above HPI
2001 20 AUG	£27,000	£84,604	68% below HPI

1A MINSTER 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 1A MINSTER DRIVE sales from August 2001 and January 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 August 2001 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the January 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1A MINSTER DRIVE be worth now?

1A MINSTER DRIVE might now be worth an estimated £305,519.

This is based on house price inflation of 18.6%, between January 2021 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.6% inflationary increase is applied to the most recent sale price for 1A MINSTER DRIVE of £257,500 on 7th January 2021. For the value to have increased from £257,500 to £305,519 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1A MINSTER DRIVE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2021 sale price of £257,500 represented a fair market value for the property.
• The size, condition, and specification of 1A MINSTER DRIVE has not materially changed since January 2021.

How Large is 1A MINSTER DRIVE?

1A MINSTER DRIVE is 86m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 1A MINSTER DRIVE lies on this distribution: 38% of detached houses houses are smaller than 1A MINSTER DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

1A MINSTER DRIVE: Plot and Title Map

1A MINSTER DRIVE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 1A MINSTER 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 1A MINSTER 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 1A MINSTER DRIVE?

1A MINSTER DRIVE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 1A on MINSTER DRIVE.