24, PARK LANE, HEIGHINGTON, LINCOLN, LN4 1RF - £179,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

24 PARK LANE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £179,000 in August 2022, which was around 44% below the average August 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

24 PARK LANE Sold Prices

Land registry data shows three sales for 24 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 24 PARK 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
2022 2 AUG	£179,000	£317,326	44% below HPI
2009 16 JUL	£115,000	£169,921	32% below HPI
2003 10 OCT	£100,000	£148,445	33% below HPI

24 PARK 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 three 24 PARK LANE sales between October 2003 and August 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 July 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2022 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 24 PARK LANE?

24 PARK LANE is 72m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Heighington, based on EPC data. The below chart shows the distribution of detached houses by size in Heighington, and where 24 PARK LANE lies on this distribution: 10% of detached houses are smaller than 24 PARK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Heighington.

24 PARK LANE: Plot and Title Map

24 PARK LANE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 24 PARK 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 24 PARK 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 24 PARK LANE?

24 PARK LANE is located in HEIGHINGTON, in the LN4 postcode district. The below map shows the position of No. 24 on PARK LANE.