416, NEWARK ROAD, LINCOLN, LN6 8RX - £250,000

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

416 NEWARK ROAD is a small extended detached house of 86m², built sometime between 1900 and 1929. It was last sold for £250,000 in May 2021, which was around 8% below the average May 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was C.

416 NEWARK ROAD Sold Prices

Land registry data shows two sales for 416 NEWARK 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 416 NEWARK 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
2021 19 MAY	£250,000	£271,614	8% below HPI
2015 27 MAR	£165,000	£203,911	19% below HPI

416 NEWARK 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 416 NEWARK ROAD sales from March 2015 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 March 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 416 NEWARK ROAD?

416 NEWARK ROAD is 86m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 40% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 416 NEWARK ROAD lies on this distribution: 32% of detached houses are smaller than 416 NEWARK ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

416 NEWARK ROAD: Plot and Title Map

416 NEWARK ROAD sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 416 NEWARK 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 416 NEWARK 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 416 NEWARK ROAD?

416 NEWARK ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 416 on NEWARK ROAD.