3, FIELD FARM LANE, METHERINGHAM, LINCOLN, LN4 3AF - £245,000

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

3 FIELD FARM LANE is a midsized detached house of 91m², built sometime between 1967 and 1975. It was last sold for £245,000 in May 2020, which was around 1% below the average May 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

3 FIELD FARM LANE Sold Prices

Land registry data shows two sales for 3 FIELD FARM LANE 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 3 FIELD FARM LANE sales was for below the average price, whilst the other was 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
2020 7 MAY	£245,000	£248,405	1% below HPI
1996 16 OCT	£65,000	£63,162	3% above HPI

3 FIELD FARM LANE 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 3 FIELD FARM LANE sales from October 1996 and May 2020 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 1996 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 3 FIELD FARM LANE?

3 FIELD FARM LANE is 91m² according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of detached houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses by size in Metheringham, and where 3 FIELD FARM LANE lies on this distribution: 53% of detached houses are smaller than 3 FIELD FARM LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

3 FIELD FARM LANE: Plot and Title Map

3 FIELD FARM LANE sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 3 FIELD FARM LANE, 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 FIELD FARM LANE). 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 FIELD FARM LANE?

3 FIELD FARM LANE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 3 on FIELD FARM LANE.