29, REDWOOD DRIVE, WADDINGTON, LINCOLN, LN5 9BN - £165,000

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

29 REDWOOD DRIVE is a very small extended detached house of 69m², built sometime between 1967 and 1975. It was last sold for £165,000 in February 2019, which was around 35% below the average February 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

29 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 29 REDWOOD DRIVE 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 29 REDWOOD DRIVE 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
2019 22 FEB	£165,000	£254,803	35% below HPI
2009 21 AUG	£126,000	£174,272	28% below HPI
2001 6 SEP	£57,000	£89,607	36% below HPI

29 REDWOOD DRIVE 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 29 REDWOOD DRIVE sales between September 2001 and February 2019 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 August 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 29 REDWOOD DRIVE?

29 REDWOOD DRIVE is 69m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 29 REDWOOD DRIVE lies on this distribution: 10% of detached houses are smaller than 29 REDWOOD DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Waddington.

29 REDWOOD DRIVE: Plot and Title Map

29 REDWOOD DRIVE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 29 REDWOOD DRIVE, 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 29 REDWOOD DRIVE). 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 29 REDWOOD DRIVE?

29 REDWOOD DRIVE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 29 on REDWOOD DRIVE.