3, OLD OAK RISE, SKELLINGTHORPE, LINCOLN, LN6 5RD - £275,000

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 OLD OAK RISE is a very large detached house of 153m², built sometime between 1996 and 2002. It was last sold for £275,000 in June 2004, which was around 65% above the average June 2004 detached price in the North Kesteven local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

3 OLD OAK RISE Sold Prices

Land registry data shows three sales for 3 OLD OAK RISE 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 OLD OAK RISE sales were for above 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
2004 18 JUN	£275,000	£166,494	65% above HPI
2001 30 MAR	£174,000	£81,593	113% above HPI
1998 25 SEP	£130,000	£67,616	92% above HPI

3 OLD OAK RISE 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 OLD OAK RISE sales between September 1998 and June 2004 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 March 2001 sale was for 113% above the HPI. So the extrapolation line tracks at 113% above the HPI over time, until the June 2004 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 3 OLD OAK RISE?

3 OLD OAK RISE is 153m² according to the EPC inspection conducted in December 2020. This puts it in the largest 20% of detached houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Skellingthorpe, and where 3 OLD OAK RISE lies on this distribution: 86% of detached houses are smaller than 3 OLD OAK RISE, and 13% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

3 OLD OAK RISE: Plot and Title Map

3 OLD OAK RISE sits on a plot of roughly 0.200 of an acre, or 810m². The below map shows the location of 3 OLD OAK RISE, 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 OLD OAK RISE). 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 OLD OAK RISE?

3 OLD OAK RISE is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 3 on OLD OAK RISE.