3, THORPE LANE, EAGLE, LINCOLN, LN6 9DU - £195,000

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 THORPE LANE is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £195,000 in December 2022, which was around 38% below the average December 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was B.

3 THORPE LANE Sold Prices

Land registry data shows three sales for 3 THORPE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 3 THORPE 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
2022 15 DEC	£195,000	£315,722	38% below HPI
2016 1 MAR	£135,000	£214,091	37% below HPI
1999 16 JUL	£41,000	£70,457	42% below HPI

3 THORPE LANE 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 three 3 THORPE LANE sales between July 1999 and December 2022 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 March 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 THORPE LANE be worth now?

3 THORPE LANE might now be worth an estimated £181,981.

This is based on house price deflation of 6.7%, between December 2022 and December 2024, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.7% deflationary decrease is applied to the most recent sale price for 3 THORPE LANE of £195,000 on 15th December 2022. For the value to have decreased from £195,000 to £181,981 over the two years to December 2024, the following assumptions must hold true:

• The value of 3 THORPE LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THORPE LANE has not materially changed since December 2022.

How Large is 3 THORPE LANE?

3 THORPE LANE is 55m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses houses in Eagle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eagle, and where 3 THORPE LANE lies on this distribution: 7% of detached houses houses are smaller than 3 THORPE LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Eagle.

3 THORPE LANE: Plot and Title Map

3 THORPE LANE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 3 THORPE 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 THORPE 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 THORPE LANE?

3 THORPE LANE is located in EAGLE, in the LN6 postcode district. The below map shows the position of No. 3 on THORPE LANE.