24, WEST BANK, SAXILBY, LINCOLN, LN1 2LU - £235,000

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 WEST BANK is a midsized extended detached house of 118m², built sometime between 1950 and 1966, which could now be worth an estimated £308,624. It was last sold for £235,000 in March 2018, which was around 8% above the average March 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

24 WEST BANK Sold Prices

Land registry data shows two sales for 24 WEST BANK 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. One of the two 24 WEST BANK 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
2018 15 MAR	£235,000	£216,950	8% above HPI
2014 17 MAR	£178,000	£187,934	5% below HPI

24 WEST BANK 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 24 WEST BANK sales from March 2014 and March 2018 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 March 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2018 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 24 WEST BANK be worth now?

24 WEST BANK might now be worth an estimated £308,624.

This is based on house price inflation of 31.3%, between March 2018 and December 2024, 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 31.3% inflationary increase is applied to the most recent sale price for 24 WEST BANK of £235,000 on 15th March 2018. For the value to have increased from £235,000 to £308,624 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of 24 WEST BANK has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 24 WEST BANK has not materially changed since March 2018.

How Large is 24 WEST BANK?

24 WEST BANK is 118m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 50% of detached houses houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saxilby, and where 24 WEST BANK lies on this distribution: 55% of detached houses houses are smaller than 24 WEST BANK, and 43% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

24 WEST BANK: Plot and Title Map

24 WEST BANK sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 24 WEST BANK, 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 WEST BANK). 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 WEST BANK?

24 WEST BANK is located in SAXILBY, in the LN1 postcode district. The below map shows the position of No. 24 on WEST BANK.