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

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 LANCASTER WAY is a small detached house of 85m², built sometime between 1991 and 1995, which could now be worth an estimated £274,157. It was last sold for £161,000 in August 2012, which was around 9% 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. The four 5 LANCASTER WAY sales were a mix of below the average price, and roughly equal to 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	£177,791	9% below HPI
2009 18 DEC	£155,500	£179,137	13% below HPI
2002 31 OCT	£118,250	£118,078	Close to HPI
2001 11 DEC	£77,950	£91,817	15% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2012 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 5 LANCASTER WAY be worth now?

5 LANCASTER WAY might now be worth an estimated £274,157.

This is based on house price inflation of 70.3%, between August 2012 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 70.3% inflationary increase is applied to the most recent sale price for 5 LANCASTER WAY of £161,000 on 10th August 2012. For the value to have increased from £161,000 to £274,157 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 5 LANCASTER WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2012 sale price of £161,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LANCASTER WAY has not materially changed since August 2012.

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 houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skellingthorpe, and where 5 LANCASTER WAY lies on this distribution: 36% of detached houses 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.