42, WATER LANE, BASSINGHAM, LINCOLN, LN5 9LA - £485,000

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.

42 WATER LANE is a very large extended detached house of 214m², built sometime between 1996 and 2002, which could now be worth an estimated £836,790. It was last sold for £485,000 in May 2011, which was around 176% above the average May 2011 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

42 WATER LANE Sold Prices

Land registry data shows two sales for 42 WATER 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 North Kesteven local authority area for the corresponding sale date. One of the two 42 WATER 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
2011 26 MAY	£485,000	£175,472	176% above HPI
1998 24 JUL	£45,000	£66,345	32% below HPI

42 WATER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 42 WATER LANE sales from July 1998 and May 2011 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 July 1998 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2011 sale, where it rises to 176% above the HPI. The line then continues to track at 176% above the HPI.

What might 42 WATER LANE be worth now?

42 WATER LANE might now be worth an estimated £836,790.

This is based on house price inflation of 72.5%, between May 2011 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 72.5% inflationary increase is applied to the most recent sale price for 42 WATER LANE of £485,000 on 26th May 2011. For the value to have increased from £485,000 to £836,790 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 42 WATER LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2011 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 42 WATER LANE has not materially changed since May 2011.

How Large is 42 WATER LANE?

42 WATER LANE is 214m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the largest 20% of detached houses houses in Bassingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bassingham, and where 42 WATER LANE lies on this distribution: 84% of detached houses houses are smaller than 42 WATER LANE, and 16% of houses are larger. Note that EPC data is not available for all properties in Bassingham.

42 WATER LANE: Plot and Title Map

42 WATER LANE sits on a plot of roughly 0.466 of an acre, or 1,887m². The below map shows the location of 42 WATER 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 42 WATER 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 42 WATER LANE?

42 WATER LANE is located in BASSINGHAM, in the LN5 postcode district. The below map shows the position of No. 42 on WATER LANE.