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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 LONDESBOROUGH WAY is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £190,000 in March 2021, which was around 30% 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	£272,889	30% below HPI
2017 1 DEC	£168,000	£243,033	31% below HPI
2014 26 SEP	£136,000	£201,457	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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Metheringham, based on EPC data. The below chart shows the distribution of detached houses by size in Metheringham, and where 3 LONDESBOROUGH WAY lies on this distribution: 17% of detached houses are smaller than 3 LONDESBOROUGH WAY, and 77% 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.