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

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

3 FIELD FARM LANE is a midsized detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £294,332. It was last sold for £245,000 in May 2020, which was about 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 roughly equal to 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	£245,259	Close to HPI
1996 16 OCT	£65,000	£62,362	4% 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 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 FIELD FARM LANE be worth now?

3 FIELD FARM LANE might now be worth an estimated £294,332.

This is based on house price inflation of 20.1%, between May 2020 and December 2024, 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 20.1% inflationary increase is applied to the most recent sale price for 3 FIELD FARM LANE of £245,000 on 7th May 2020. For the value to have increased from £245,000 to £294,332 over the three years and five months to December 2024, the following assumptions must hold true:

• The value of 3 FIELD FARM LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FIELD FARM LANE has not materially changed since May 2020.

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 houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Metheringham, and where 3 FIELD FARM LANE lies on this distribution: 53% of detached houses 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.