3, PLOUGH LANE, REEPHAM, LINCOLN, LN3 4EH - £172,000

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 PLOUGH LANE is a small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £273,232. It was last sold for £172,000 in May 2013, which was around 4% below the average May 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

3 PLOUGH LANE Sold Prices

Land registry data shows two sales for 3 PLOUGH LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 3 PLOUGH LANE 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
2013 24 MAY	£172,000	£179,357	4% below HPI
2007 8 JUN	£165,000	£188,580	13% below HPI

3 PLOUGH LANE 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 two 3 PLOUGH LANE sales from June 2007 and May 2013 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 June 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2013 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 PLOUGH LANE be worth now?

3 PLOUGH LANE might now be worth an estimated £273,232.

This is based on house price inflation of 58.9%, between May 2013 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.9% inflationary increase is applied to the most recent sale price for 3 PLOUGH LANE of £172,000 on 24th May 2013. For the value to have increased from £172,000 to £273,232 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of 3 PLOUGH LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2013 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PLOUGH LANE has not materially changed since May 2013.

How Large is 3 PLOUGH LANE?

3 PLOUGH LANE is 94m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reepham, and where 3 PLOUGH LANE lies on this distribution: 27% of detached houses houses are smaller than 3 PLOUGH LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Reepham.

3 PLOUGH LANE: Plot and Title Map

3 PLOUGH LANE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 3 PLOUGH LANE, 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 PLOUGH LANE). 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 PLOUGH LANE?

3 PLOUGH LANE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 3 on PLOUGH LANE.