3, FLETCHERS WAY, MARTIN, LINCOLN, LN4 3QH - £178,000

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 FLETCHERS WAY is a small detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £297,006. It was last sold for £178,000 in November 2005, which was around 1% above the average November 2005 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

3 FLETCHERS WAY Sold Prices

Land registry data shows three sales for 3 FLETCHERS WAY 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. One of the three 3 FLETCHERS WAY sales was for above the average price, whilst two 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
2005 11 NOV	£178,000	£176,584	1% above HPI
2004 14 JUL	£164,950	£166,608	1% below HPI
2001 16 NOV	£26,500	£91,151	71% below HPI

3 FLETCHERS WAY 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 FLETCHERS WAY sales between November 2001 and November 2005 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 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2005 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 FLETCHERS WAY be worth now?

3 FLETCHERS WAY might now be worth an estimated £297,006.

This is based on house price inflation of 66.9%, between November 2005 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 66.9% inflationary increase is applied to the most recent sale price for 3 FLETCHERS WAY of £178,000 on 11th November 2005. For the value to have increased from £178,000 to £297,006 over the eighteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 FLETCHERS WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2005 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FLETCHERS WAY has not materially changed since November 2005.

How Large is 3 FLETCHERS WAY?

3 FLETCHERS WAY is 120m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses houses in Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martin, and where 3 FLETCHERS WAY lies on this distribution: 35% of detached houses houses are smaller than 3 FLETCHERS WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Martin.

3 FLETCHERS WAY: Plot and Title Map

3 FLETCHERS WAY sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 3 FLETCHERS 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 3 FLETCHERS 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 3 FLETCHERS WAY?

3 FLETCHERS WAY is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 3 on FLETCHERS WAY.