3, PLOUGHMANS LANE, LINCOLN, LN2 4FY - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 PLOUGHMANS LANE is a very large detached house of 149m², built sometime between 2003 and 2006, which could now be worth an estimated £353,702. It was last sold for £270,000 in July 2017, which was around 18% above the average July 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

3 PLOUGHMANS LANE Sold Prices

Land registry data shows two sales for 3 PLOUGHMANS 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 Lincoln local authority area for the corresponding sale date. Both of the two 3 PLOUGHMANS LANE 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
2017 7 JUL	£270,000	£229,436	18% above HPI
2008 27 JUN	£234,770	£187,700	25% above HPI

3 PLOUGHMANS LANE 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 two 3 PLOUGHMANS LANE sales from June 2008 and July 2017 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 2008 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2017 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 PLOUGHMANS LANE be worth now?

3 PLOUGHMANS LANE might now be worth an estimated £353,702.

This is based on house price inflation of 31%, between July 2017 and February 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31% inflationary increase is applied to the most recent sale price for 3 PLOUGHMANS LANE of £270,000 on 7th July 2017. For the value to have increased from £270,000 to £353,702 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 3 PLOUGHMANS LANE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The July 2017 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PLOUGHMANS LANE has not materially changed since July 2017.

How Large is 3 PLOUGHMANS LANE?

3 PLOUGHMANS LANE is 149m² according to the EPC inspection conducted in January 2017. This puts it in the largest 20% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 3 PLOUGHMANS LANE lies on this distribution: 86% of detached houses houses are smaller than 3 PLOUGHMANS LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 PLOUGHMANS LANE: Plot and Title Map

3 PLOUGHMANS LANE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 3 PLOUGHMANS 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 PLOUGHMANS 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 PLOUGHMANS LANE?

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