23, COTTON SMITH WAY, NETTLEHAM, LINCOLN, LN2 2XT - £290,000

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.

23 COTTON SMITH WAY is a very small extended detached house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £293,876. It was last sold for £290,000 in October 2022, which was around 1% above the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

23 COTTON SMITH WAY Sold Prices

Land registry data shows two sales for 23 COTTON SMITH WAY 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 23 COTTON SMITH WAY 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
2022 28 OCT	£290,000	£287,274	1% above HPI
2004 20 FEB	£165,000	£153,947	7% above HPI

23 COTTON SMITH WAY 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 23 COTTON SMITH WAY sales from February 2004 and October 2022 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 2004 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 23 COTTON SMITH WAY be worth now?

23 COTTON SMITH WAY might now be worth an estimated £293,876.

This is based on house price inflation of 1.3%, between October 2022 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 23 COTTON SMITH WAY of £290,000 on 28th October 2022. For the value to have increased from £290,000 to £293,876 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 COTTON SMITH WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 23 COTTON SMITH WAY has not materially changed since October 2022.

How Large is 23 COTTON SMITH WAY?

23 COTTON SMITH WAY is 75m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the smallest 10% of detached houses houses in Nettleham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettleham, and where 23 COTTON SMITH WAY lies on this distribution: 9% of detached houses houses are smaller than 23 COTTON SMITH WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Nettleham.

23 COTTON SMITH WAY: Plot and Title Map

23 COTTON SMITH WAY sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 23 COTTON SMITH WAY, 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 23 COTTON SMITH WAY). 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 23 COTTON SMITH WAY?

23 COTTON SMITH WAY is located in NETTLEHAM, in the LN2 postcode district. The below map shows the position of No. 23 on COTTON SMITH WAY.