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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). 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 7% 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	£288,934	7% below HPI
2017 28 APR	£160,000	£211,935	25% below HPI
2001 1 NOV	£81,000	£89,618	10% below HPI
1998 16 JAN	£59,950	£67,362	11% below HPI
1996 6 AUG	£44,500	£62,150	28% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

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 in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses by size in Cherry Willingham, and where 3 LABURNUM DRIVE lies on this distribution: 33% of detached 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.