3, LONDESBOROUGH WAY, METHERINGHAM, LINCOLN, LN4 3HL - £190,000

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 LONDESBOROUGH WAY is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £213,495. It was last sold for £190,000 in March 2021, which was around 29% below the average March 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2024, where the current energy rating was B, and the potential energy rating was B.

3 LONDESBOROUGH WAY Sold Prices

Land registry data shows three sales for 3 LONDESBOROUGH 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. All of the three 3 LONDESBOROUGH WAY 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
2021 5 MAR	£190,000	£269,432	29% below HPI
2017 1 DEC	£168,000	£239,954	30% below HPI
2014 26 SEP	£136,000	£198,905	32% below HPI

3 LONDESBOROUGH 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 LONDESBOROUGH WAY sales between September 2014 and March 2021 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 December 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 3 LONDESBOROUGH WAY be worth now?

3 LONDESBOROUGH WAY might now be worth an estimated £213,495.

This is based on house price inflation of 12.4%, between March 2021 and February 2025, 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 12.4% inflationary increase is applied to the most recent sale price for 3 LONDESBOROUGH WAY of £190,000 on 5th March 2021. For the value to have increased from £190,000 to £213,495 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 LONDESBOROUGH WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LONDESBOROUGH WAY has not materially changed since March 2021.

How Large is 3 LONDESBOROUGH WAY?

3 LONDESBOROUGH WAY is 75m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% 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 LONDESBOROUGH WAY lies on this distribution: 17% of detached houses houses are smaller than 3 LONDESBOROUGH WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

3 LONDESBOROUGH WAY: Plot and Title Map

3 LONDESBOROUGH WAY sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 3 LONDESBOROUGH 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 LONDESBOROUGH 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 LONDESBOROUGH WAY?

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