3, THE OAKS, SCOTHERN, LINCOLN, LN2 2WB - £650,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 THE OAKS is a very large extended detached house of 331m², built sometime between 1991 and 1995. It was last sold for £650,000 in March 2016, which was around 229% above the average March 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was C.

3 THE OAKS Sold Prices

Land registry data shows three sales for 3 THE OAKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 3 THE OAKS 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
2016 31 MAR	£650,000	£197,382	229% above HPI
2004 14 SEP	£300,000	£176,362	70% above HPI
2003 26 JUN	£250,000	£134,203	86% above HPI

3 THE OAKS 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 three 3 THE OAKS sales between June 2003 and March 2016 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 September 2004 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the March 2016 sale, where it rises to 229% above the HPI. The line then continues to track at 229% above the HPI.

How Large is 3 THE OAKS?

3 THE OAKS is 331m², which includes four extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 10% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where 3 THE OAKS lies on this distribution: 99% of detached houses are smaller than 3 THE OAKS, and 1% of houses are larger. Note that EPC data is not available for all properties in Scothern.

3 THE OAKS: Plot and Title Map

3 THE OAKS sits on a plot of roughly 0.302 of an acre, or 1,221m². The below map shows the location of 3 THE OAKS, 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 OAKS). 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 OAKS?

3 THE OAKS is located in SCOTHERN, in the LN2 postcode district. The below map shows the position of No. 3 on THE OAKS.