4, CHERRY TREE LANE, NETTLEHAM, LINCOLN, LN2 2PR - £300,000

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

4 CHERRY TREE LANE is a very small detached house of 81m², built sometime between 1967 and 1975. It was last sold for £300,000 in December 2023, which was around 6% above the average December 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

4 CHERRY TREE LANE Sold Prices

Land registry data shows two sales for 4 CHERRY TREE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two 4 CHERRY TREE LANE sales was for above the average price, whilst the other was 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
2023 18 DEC	£300,000	£283,242	6% above HPI
2007 29 AUG	£175,050	£195,479	10% below HPI

4 CHERRY TREE LANE 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 two 4 CHERRY TREE LANE sales from August 2007 and December 2023 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 August 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2023 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 4 CHERRY TREE LANE?

4 CHERRY TREE LANE is 81m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Nettleham, based on EPC data. The below chart shows the distribution of detached houses by size in Nettleham, and where 4 CHERRY TREE LANE lies on this distribution: 17% of detached houses are smaller than 4 CHERRY TREE LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Nettleham.

4 CHERRY TREE LANE: Plot and Title Map

4 CHERRY TREE LANE sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 4 CHERRY TREE 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 4 CHERRY TREE 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 4 CHERRY TREE LANE?

4 CHERRY TREE LANE is located in NETTLEHAM, in the LN2 postcode district. The below map shows the position of No. 4 on CHERRY TREE LANE.