38, THORESWAY DRIVE, LINCOLN, LN2 2DA - £148,000

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.

38 THORESWAY DRIVE is a small semi-detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £162,522. It was last sold for £148,000 in August 2021, which was around 19% below the average August 2021 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

38 THORESWAY DRIVE Sold Prices

Land registry data shows three sales for 38 THORESWAY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. All of the three 38 THORESWAY DRIVE 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
2021 10 AUG	£148,000	£182,334	19% below HPI
2014 16 MAY	£113,000	£132,250	15% below HPI
2004 2 APR	£71,000	£104,860	32% below HPI

38 THORESWAY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The three 38 THORESWAY DRIVE sales between April 2004 and August 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 May 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 38 THORESWAY DRIVE be worth now?

38 THORESWAY DRIVE might now be worth an estimated £162,522.

This is based on house price inflation of 9.8%, between August 2021 and February 2025, for semi-detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 38 THORESWAY DRIVE of £148,000 on 10th August 2021. For the value to have increased from £148,000 to £162,522 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 38 THORESWAY DRIVE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The August 2021 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 38 THORESWAY DRIVE has not materially changed since August 2021.

How Large is 38 THORESWAY DRIVE?

38 THORESWAY DRIVE is 77m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 38 THORESWAY DRIVE lies on this distribution: 22% of semi-detached houses houses are smaller than 38 THORESWAY DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

38 THORESWAY DRIVE: Plot and Title Map

38 THORESWAY DRIVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 38 THORESWAY 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 38 THORESWAY 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 38 THORESWAY DRIVE?

38 THORESWAY DRIVE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 38 on THORESWAY DRIVE.