3, PADLEY ROAD, LINCOLN, LN2 4WB - £165,000

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 PADLEY ROAD is a midsized extended detached house of 107m², built sometime from 2007 onwards. It was last sold for £165,000 in August 2005, which was around 7% below the average August 2005 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

3 PADLEY ROAD Sold Prices

Land registry data shows four sales for 3 PADLEY ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Most of the four 3 PADLEY ROAD 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
2005 26 AUG	£165,000	£178,243	7% below HPI
2003 31 OCT	£143,000	£154,210	7% below HPI
2003 4 MAR	£133,000	£131,109	1% above HPI
2002 27 SEP	£110,995	£120,954	8% below HPI

3 PADLEY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The four 3 PADLEY ROAD sales between September 2002 and August 2005 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 October 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2005 sale, which was also at 7% below the HPI.

How Large is 3 PADLEY ROAD?

3 PADLEY ROAD is 107m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 3 PADLEY ROAD lies on this distribution: 57% of detached houses are smaller than 3 PADLEY ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 PADLEY ROAD: Plot and Title Map

3 PADLEY ROAD sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 3 PADLEY ROAD, 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 PADLEY ROAD). 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 PADLEY ROAD?

3 PADLEY ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 3 on PADLEY ROAD.