3, THE AVENUE, NOCTON, LINCOLN, LN4 2BN - £211,000

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 THE AVENUE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £211,000 in February 2024, which was around 30% below the average February 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

3 THE AVENUE Sold Prices

Land registry data shows two sales for 3 THE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 3 THE AVENUE 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
2024 15 FEB	£211,000	£301,098	30% below HPI
2005 28 OCT	£135,000	£179,302	25% below HPI

3 THE AVENUE 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 two 3 THE AVENUE sales from October 2005 and February 2024 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 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2024 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 THE AVENUE?

3 THE AVENUE is 64m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Nocton, based on EPC data. The below chart shows the distribution of detached houses by size in Nocton, and where 3 THE AVENUE lies on this distribution: 2% of detached houses are smaller than 3 THE AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Nocton.

3 THE AVENUE: Plot and Title Map

3 THE AVENUE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 3 THE AVENUE, 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 THE AVENUE). 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 THE AVENUE?

3 THE AVENUE is located in NOCTON, in the LN4 postcode district. The below map shows the position of No. 3 on THE AVENUE.