5, FAR LANE, COLEBY, LINCOLN, LN5 0AH - £320,000

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.

5 FAR LANE is a midsized extended detached house of 162m², built sometime before 1900, which could now be worth an estimated £373,188. It was last sold for £320,000 in September 2020, which was around 23% above the average September 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

5 FAR LANE Sold Prices

Land registry data shows three sales for 5 FAR LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 5 FAR LANE 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
2020 18 SEP	£320,000	£259,600	23% above HPI
2007 3 APR	£280,000	£190,969	47% above HPI
2002 23 JAN	£183,000	£94,183	94% above HPI

5 FAR 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 three 5 FAR LANE sales between January 2002 and September 2020 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 April 2007 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 5 FAR LANE be worth now?

5 FAR LANE might now be worth an estimated £373,188.

This is based on house price inflation of 16.6%, between September 2020 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 16.6% inflationary increase is applied to the most recent sale price for 5 FAR LANE of £320,000 on 18th September 2020. For the value to have increased from £320,000 to £373,188 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 FAR LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2020 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FAR LANE has not materially changed since September 2020.

How Large is 5 FAR LANE?

5 FAR LANE is 162m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses houses in Coleby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleby, and where 5 FAR LANE lies on this distribution: 56% of detached houses houses are smaller than 5 FAR LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Coleby.

5 FAR LANE: Plot and Title Map

5 FAR LANE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 5 FAR 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 5 FAR 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 5 FAR LANE?

5 FAR LANE is located in COLEBY, in the LN5 postcode district. The below map shows the position of No. 5 on FAR LANE.