5, FRANKLIN WAY, CHERRY WILLINGHAM, LINCOLN, LN3 4GL - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 FRANKLIN WAY is a large extended detached house of 128m², built sometime between 2007 and 2011, which could now be worth an estimated £339,478. It was last sold for £335,000 in October 2022, which was around 17% above the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

5 FRANKLIN WAY Sold Prices

Land registry data shows four sales for 5 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the four 5 FRANKLIN WAY 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 7 OCT	£335,000	£287,274	17% above HPI
2018 29 MAR	£235,000	£216,950	8% above HPI
2015 1 JUN	£188,000	£190,932	2% below HPI
2002 18 DEC	£145,995	£116,813	25% above HPI

5 FRANKLIN WAY 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 four 5 FRANKLIN WAY sales between December 2002 and October 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 March 2018 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 5 FRANKLIN WAY be worth now?

5 FRANKLIN WAY might now be worth an estimated £339,478.

This is based on house price inflation of 1.3%, between October 2022 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 5 FRANKLIN WAY of £335,000 on 7th October 2022. For the value to have increased from £335,000 to £339,478 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 FRANKLIN WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FRANKLIN WAY has not materially changed since October 2022.

How Large is 5 FRANKLIN WAY?

5 FRANKLIN WAY is 128m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 5 FRANKLIN WAY lies on this distribution: 79% of detached houses houses are smaller than 5 FRANKLIN WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

5 FRANKLIN WAY: Plot and Title Map

5 FRANKLIN WAY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 5 FRANKLIN WAY, 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 FRANKLIN WAY). 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 FRANKLIN WAY?

5 FRANKLIN WAY is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 5 on FRANKLIN WAY.