25, READ WAY, CONINGSBY, LINCOLN, LN4 4JX - £220,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

25 READ WAY is a small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £220,000 in October 2023, which was around 21% below the average October 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

25 READ WAY Sold Prices

Land registry data shows two sales for 25 READ 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 East Lindsey local authority area for the corresponding sale date. Both of the two 25 READ WAY 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
2023 23 OCT	£220,000	£276,737	21% below HPI
2015 31 JUL	£155,000	£181,933	15% below HPI

25 READ WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 25 READ WAY sales from July 2015 and October 2023 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 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 25 READ WAY?

25 READ WAY is 80m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in Coningsby, based on EPC data. The below chart shows the distribution of detached houses by size in Coningsby, and where 25 READ WAY lies on this distribution: 24% of detached houses are smaller than 25 READ WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Coningsby.

25 READ WAY: Plot and Title Map

25 READ WAY sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 25 READ 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 25 READ 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 25 READ WAY?

25 READ WAY is located in CONINGSBY, in the LN4 postcode district. The below map shows the position of No. 25 on READ WAY.