2, FARM LANE, WEST BUTTERWICK, SCUNTHORPE, DN17 3LN - £140,000

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

2 FARM LANE is a very small detached house of 92m², built sometime between 1930 and 1949. It was last sold for £140,000 in March 2015, which was around 12% below the average March 2015 detached price in the North Lincolnshire local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

2 FARM LANE Sold Prices

Land registry data shows two sales for 2 FARM LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Lincolnshire local authority area for the corresponding sale date. Both of the two 2 FARM LANE 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
2015 27 MAR	£140,000	£159,776	12% below HPI
2011 1 FEB	£130,000	£159,092	18% below HPI

2 FARM LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Lincolnshire local authority area over time, sourced from the HPI. The two 2 FARM LANE sales from February 2011 and March 2015 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 February 2011 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 FARM LANE?

2 FARM LANE is 92m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in West Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in West Butterwick, and where 2 FARM LANE lies on this distribution: 13% of detached houses are smaller than 2 FARM LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in West Butterwick.

2 FARM LANE: Plot and Title Map

2 FARM LANE sits on a plot of roughly 0.160 of an acre, or 648m². The below map shows the location of 2 FARM 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 2 FARM 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 2 FARM LANE?

2 FARM LANE is located in WEST BUTTERWICK, in the DN17 postcode district. The below map shows the position of No. 2 on FARM LANE.