2, PINEWOODS, LINCOLN, LN6 0QP - £197,000

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.

2 PINEWOODS is a midsized extended detached house of 92m², built sometime before 1900, which could now be worth an estimated £235,550. It was last sold for £197,000 in February 2019, which was around 22% below the average February 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

2 PINEWOODS Sold Prices

Land registry data shows four sales for 2 PINEWOODS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 2 PINEWOODS 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
2019 4 FEB	£197,000	£251,373	22% below HPI
2006 25 AUG	£158,000	£182,418	13% below HPI
2005 14 OCT	£148,000	£180,345	18% below HPI
2003 1 DEC	£146,000	£158,032	8% below HPI

2 PINEWOODS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The four 2 PINEWOODS sales between December 2003 and February 2019 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 PINEWOODS be worth now?

2 PINEWOODS might now be worth an estimated £235,550.

This is based on house price inflation of 19.6%, between February 2019 and February 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.6% inflationary increase is applied to the most recent sale price for 2 PINEWOODS of £197,000 on 4th February 2019. For the value to have increased from £197,000 to £235,550 over the six years to February 2025, the following assumptions must hold true:

• The value of 2 PINEWOODS has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2019 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PINEWOODS has not materially changed since February 2019.

How Large is 2 PINEWOODS?

2 PINEWOODS is 92m², which includes three extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 2 PINEWOODS lies on this distribution: 40% of detached houses houses are smaller than 2 PINEWOODS, and 59% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 PINEWOODS: Plot and Title Map

2 PINEWOODS sits on a plot of roughly 0.184 of an acre, or 744m². The below map shows the location of 2 PINEWOODS, 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 PINEWOODS). 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 PINEWOODS?

2 PINEWOODS is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 2 on PINEWOODS.