3, CHESTNUT PADDOCK, COLEBY, LINCOLN, LN5 0BE - £525,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 CHESTNUT PADDOCK is a large detached house of 175m², built sometime between 1996 and 2002, which could now be worth an estimated £625,485. It was last sold for £525,000 in December 2018, which was around 107% above the average December 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

3 CHESTNUT PADDOCK Sold Prices

Land registry data shows three sales for 3 CHESTNUT PADDOCK 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 3 CHESTNUT PADDOCK sales were for above 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 3 DEC	£525,000	£254,112	107% above HPI
2015 16 JUL	£380,000	£203,364	87% above HPI
1997 28 MAY	£152,500	£64,290	137% above HPI

3 CHESTNUT PADDOCK 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 3 CHESTNUT PADDOCK sales between May 1997 and December 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 July 2015 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the December 2018 sale, where it rises to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might 3 CHESTNUT PADDOCK be worth now?

3 CHESTNUT PADDOCK might now be worth an estimated £625,485.

This is based on house price inflation of 19.1%, between December 2018 and February 2025, 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 19.1% inflationary increase is applied to the most recent sale price for 3 CHESTNUT PADDOCK of £525,000 on 3rd December 2018. For the value to have increased from £525,000 to £625,485 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 CHESTNUT PADDOCK has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2018 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHESTNUT PADDOCK has not materially changed since December 2018.

How Large is 3 CHESTNUT PADDOCK?

3 CHESTNUT PADDOCK is 175m² according to the EPC inspection conducted in January 2018. This puts it in the largest 40% of detached houses houses in Coleby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleby, and where 3 CHESTNUT PADDOCK lies on this distribution: 63% of detached houses houses are smaller than 3 CHESTNUT PADDOCK, and 34% of houses are larger. Note that EPC data is not available for all properties in Coleby.

3 CHESTNUT PADDOCK: Plot and Title Map

3 CHESTNUT PADDOCK sits on a plot of roughly 0.213 of an acre, or 861m². The below map shows the location of 3 CHESTNUT PADDOCK, 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 3 CHESTNUT PADDOCK). 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 3 CHESTNUT PADDOCK?

3 CHESTNUT PADDOCK is located in COLEBY, in the LN5 postcode district. The below map shows the position of No. 3 on CHESTNUT PADDOCK.