1C, WEST BANK, SAXILBY, LINCOLN, LN1 2LU - £142,000

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

1C WEST BANK is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £142,000 in December 2009, which was around 20% below the average December 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was E, and the potential energy rating was B.

1C WEST BANK Sold Prices

Land registry data shows two sales for 1C WEST BANK 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 1C WEST BANK 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
2009 16 DEC	£142,000	£177,240	20% below HPI
1998 4 JUN	£60,000	£68,791	13% below HPI

1C WEST BANK 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 1C WEST BANK sales from June 1998 and December 2009 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 June 1998 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2009 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1C WEST BANK?

1C WEST BANK is 68m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses by size in Saxilby, and where 1C WEST BANK lies on this distribution: 4% of detached houses are smaller than 1C WEST BANK, and 95% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

1C WEST BANK: Plot and Title Map

1C WEST BANK sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1C WEST BANK, 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 1C WEST BANK). 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 1C WEST BANK?

1C WEST BANK is located in SAXILBY, in the LN1 postcode district. The below map shows the position of No. 1C on WEST BANK.