5, LANCASTER WAY, SKELLINGTHORPE, LINCOLN, LN6 5UF - £161,000

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

5 LANCASTER WAY is a small detached house of 85m², built sometime between 1991 and 1995. It was last sold for £161,000 in August 2012, which was around 11% below the average August 2012 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

5 LANCASTER WAY Sold Prices

Land registry data shows four sales for 5 LANCASTER 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 North Kesteven local authority area for the corresponding sale date. All of the four 5 LANCASTER WAY 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
2012 10 AUG	£161,000	£180,072	11% below HPI
2009 18 DEC	£155,500	£181,435	14% below HPI
2002 31 OCT	£118,250	£119,592	1% below HPI
2001 11 DEC	£77,950	£92,995	16% below HPI

5 LANCASTER WAY 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 four 5 LANCASTER WAY sales between December 2001 and August 2012 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 December 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2012 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 5 LANCASTER WAY?

5 LANCASTER WAY is 85m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Skellingthorpe, and where 5 LANCASTER WAY lies on this distribution: 36% of detached houses are smaller than 5 LANCASTER WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

5 LANCASTER WAY: Plot and Title Map

5 LANCASTER WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 5 LANCASTER 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 LANCASTER 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 LANCASTER WAY?

5 LANCASTER WAY is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 5 on LANCASTER WAY.