3, LABURNUM DRIVE, CHERRY WILLINGHAM, LINCOLN, LN3 4AT - £269,000

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 LABURNUM DRIVE is a small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £269,000 in August 2022, which was around 8% below the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was D.

3 LABURNUM DRIVE Sold Prices

Land registry data shows five sales for 3 LABURNUM DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the five 3 LABURNUM 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
2022 23 AUG	£269,000	£293,139	8% below HPI
2017 28 APR	£160,000	£215,020	26% below HPI
2001 1 NOV	£81,000	£90,923	11% below HPI
1998 16 JAN	£59,950	£68,343	12% below HPI
1996 6 AUG	£44,500	£63,055	29% below HPI

3 LABURNUM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The five 3 LABURNUM DRIVE sales between August 1996 and August 2022 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 April 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 LABURNUM DRIVE be worth now?

3 LABURNUM DRIVE might now be worth an estimated £261,457.

This is based on house price deflation of 2.8%, between August 2022 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 3 LABURNUM DRIVE of £269,000 on 23rd August 2022. For the value to have decreased from £269,000 to £261,457 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 3 LABURNUM DRIVE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2022 sale price of £269,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LABURNUM DRIVE has not materially changed since August 2022.

How Large is 3 LABURNUM DRIVE?

3 LABURNUM DRIVE is 82m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 3 LABURNUM DRIVE lies on this distribution: 33% of detached houses houses are smaller than 3 LABURNUM DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

3 LABURNUM DRIVE: Plot and Title Map

3 LABURNUM DRIVE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 3 LABURNUM 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 3 LABURNUM 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 3 LABURNUM DRIVE?

3 LABURNUM DRIVE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 3 on LABURNUM DRIVE.