2, WOOD LANE, SOUTH HYKEHAM, LINCOLN, LN6 9NL - £215,000

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 WOOD LANE is a midsized extended detached house of 122m², built sometime between 1950 and 1966, which could now be worth an estimated £333,233. It was last sold for £215,000 in February 2015, which was around 10% above the average February 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

2 WOOD LANE Sold Prices

Land registry data shows two sales for 2 WOOD 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 Kesteven local authority area for the corresponding sale date. Both of the two 2 WOOD LANE 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
2015 12 FEB	£215,000	£195,332	10% above HPI
1995 6 JAN	£85,000	£63,064	35% above HPI

2 WOOD LANE 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 two 2 WOOD LANE sales from January 1995 and February 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 January 1995 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2015 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 WOOD LANE be worth now?

2 WOOD LANE might now be worth an estimated £333,233.

This is based on house price inflation of 55%, between February 2015 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55% inflationary increase is applied to the most recent sale price for 2 WOOD LANE of £215,000 on 12th February 2015. For the value to have increased from £215,000 to £333,233 over the ten years to February 2025, the following assumptions must hold true:

• The value of 2 WOOD LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The February 2015 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WOOD LANE has not materially changed since February 2015.

How Large is 2 WOOD LANE?

2 WOOD LANE is 122m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in South Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Hykeham, and where 2 WOOD LANE lies on this distribution: 46% of detached houses houses are smaller than 2 WOOD LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in South Hykeham.

2 WOOD LANE: Plot and Title Map

2 WOOD LANE sits on a plot of roughly 0.302 of an acre, or 1,223m². The below map shows the location of 2 WOOD 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 WOOD 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 WOOD LANE?

2 WOOD LANE is located in SOUTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 2 on WOOD LANE.