3, WESTMINSTER DRIVE, BRACEBRIDGE HEATH, LINCOLN, LN4 2UD - £370,000

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 WESTMINSTER DRIVE is a very large detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £417,713. It was last sold for £370,000 in May 2021, which was around 38% above the average May 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

3 WESTMINSTER DRIVE Sold Prices

Land registry data shows three sales for 3 WESTMINSTER DRIVE 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 WESTMINSTER DRIVE 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
2021 18 MAY	£370,000	£268,168	38% above HPI
2002 1 NOV	£210,000	£120,609	74% above HPI
2000 30 JUN	£133,500	£76,409	75% above HPI

3 WESTMINSTER DRIVE 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 WESTMINSTER DRIVE sales between June 2000 and May 2021 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 November 2002 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the May 2021 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 3 WESTMINSTER DRIVE be worth now?

3 WESTMINSTER DRIVE might now be worth an estimated £417,713.

This is based on house price inflation of 12.9%, between May 2021 and February 2025, 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 12.9% inflationary increase is applied to the most recent sale price for 3 WESTMINSTER DRIVE of £370,000 on 18th May 2021. For the value to have increased from £370,000 to £417,713 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 3 WESTMINSTER DRIVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WESTMINSTER DRIVE has not materially changed since May 2021.

How Large is 3 WESTMINSTER DRIVE?

3 WESTMINSTER DRIVE is 160m² according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bracebridge Heath, and where 3 WESTMINSTER DRIVE lies on this distribution: 93% of detached houses houses are smaller than 3 WESTMINSTER DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

3 WESTMINSTER DRIVE: Plot and Title Map

3 WESTMINSTER DRIVE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 3 WESTMINSTER DRIVE, 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 WESTMINSTER DRIVE). 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 WESTMINSTER DRIVE?

3 WESTMINSTER DRIVE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 3 on WESTMINSTER DRIVE.