2, WESTMINSTER DRIVE, BRACEBRIDGE HEATH, LINCOLN, LN4 2UD - £427,500

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 WESTMINSTER DRIVE is a very large detached house of 174m², built sometime from 2012 onwards. It was last sold for £427,500 in August 2023, which was around 41% above the average August 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

2 WESTMINSTER DRIVE Sold Prices

Land registry data shows four sales for 2 WESTMINSTER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 WESTMINSTER DRIVE sales were for above 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
2023 16 AUG	£427,500	£303,276	41% above HPI
2017 16 JAN	£305,000	£225,775	35% above HPI
2013 27 JUN	£272,500	£186,788	46% above HPI
2000 23 JUN	£137,000	£77,389	77% above HPI

2 WESTMINSTER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 2 WESTMINSTER DRIVE sales between June 2000 and August 2023 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 January 2017 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2023 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 2 WESTMINSTER DRIVE?

2 WESTMINSTER DRIVE is 174m² according to the EPC inspection conducted in April 2023. This puts it in the largest 10% of detached houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Bracebridge Heath, and where 2 WESTMINSTER DRIVE lies on this distribution: 97% of detached houses are smaller than 2 WESTMINSTER DRIVE, and 3% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

2 WESTMINSTER DRIVE: Plot and Title Map

2 WESTMINSTER DRIVE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 2 WESTMINSTER 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 2 WESTMINSTER 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 2 WESTMINSTER DRIVE?

2 WESTMINSTER DRIVE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 2 on WESTMINSTER DRIVE.