418, NEWARK ROAD, LINCOLN, LN6 8RX - £315,000

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

418 NEWARK ROAD is a large extended detached house of 133m², built sometime between 1930 and 1949. It was last sold for £315,000 in September 2022, which was around 6% above the average September 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

418 NEWARK ROAD Sold Prices

Land registry data shows two sales for 418 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 418 NEWARK ROAD 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
2022 16 SEP	£315,000	£298,453	6% above HPI
2015 26 JUN	£228,450	£209,480	9% above HPI

418 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 418 NEWARK ROAD sales from June 2015 and September 2022 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 June 2015 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 418 NEWARK ROAD?

418 NEWARK ROAD is 133m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 418 NEWARK ROAD lies on this distribution: 79% of detached houses are smaller than 418 NEWARK ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

418 NEWARK ROAD: Plot and Title Map

418 NEWARK ROAD sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 418 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 418 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 418 NEWARK ROAD?

418 NEWARK ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 418 on NEWARK ROAD.