342, MONKS ROAD, LINCOLN, LN2 5PP - £115,000

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

342 MONKS ROAD is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £115,000 in March 2017, which was around 49% below the average March 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was D.

342 MONKS ROAD Sold Prices

Land registry data shows two sales for 342 MONKS ROAD 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 342 MONKS ROAD 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
2017 17 MAR	£115,000	£223,768	49% below HPI
2011 9 DEC	£101,000	£172,579	41% below HPI

342 MONKS ROAD 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 342 MONKS ROAD sales from December 2011 and March 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 December 2011 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2017 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 342 MONKS ROAD?

342 MONKS ROAD is 66m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 342 MONKS ROAD lies on this distribution: 10% of detached houses are smaller than 342 MONKS ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

342 MONKS ROAD: Plot and Title Map

342 MONKS ROAD sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 342 MONKS ROAD, 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 342 MONKS ROAD). 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 342 MONKS ROAD?

342 MONKS ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 342 on MONKS ROAD.