24, TOWNSEND WAY, METHERINGHAM, LINCOLN, LN4 3GB - £382,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 TOWNSEND WAY is a very large detached house of 132m², built sometime between 2003 and 2006, which could now be worth an estimated £367,566. It was last sold for £382,500 in July 2022, which was around 25% above the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

24 TOWNSEND WAY Sold Prices

Land registry data shows two sales for 24 TOWNSEND 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 North Kesteven local authority area for the corresponding sale date. One of the two 24 TOWNSEND WAY sales was for above the average price, whilst the other was 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 8 JUL	£382,500	£306,614	25% above HPI
2004 29 OCT	£165,000	£167,970	2% below HPI

24 TOWNSEND WAY 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 24 TOWNSEND WAY sales from October 2004 and July 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 October 2004 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 24 TOWNSEND WAY be worth now?

24 TOWNSEND WAY might now be worth an estimated £367,566.

This is based on house price deflation of 3.9%, between July 2022 and December 2024, 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 3.9% deflationary decrease is applied to the most recent sale price for 24 TOWNSEND WAY of £382,500 on 8th July 2022. For the value to have decreased from £382,500 to £367,566 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 24 TOWNSEND WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2022 sale price of £382,500 represented a fair market value for the property.
• The size, condition, and specification of 24 TOWNSEND WAY has not materially changed since July 2022.

How Large is 24 TOWNSEND WAY?

24 TOWNSEND WAY is 132m² according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Metheringham, and where 24 TOWNSEND WAY lies on this distribution: 88% of detached houses houses are smaller than 24 TOWNSEND WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

24 TOWNSEND WAY: Plot and Title Map

24 TOWNSEND WAY sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 24 TOWNSEND 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 24 TOWNSEND 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 24 TOWNSEND WAY?

24 TOWNSEND WAY is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 24 on TOWNSEND WAY.