5, OAKWOOD CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4PT - £310,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 OAKWOOD CLOSE is a large detached house of 104m², built sometime between 1996 and 2002. It was last sold for £310,000 in February 2021, which was around 25% above the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

5 OAKWOOD CLOSE Sold Prices

Land registry data shows two sales for 5 OAKWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 5 OAKWOOD CLOSE 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
2021 4 FEB	£310,000	£247,515	25% above HPI
2002 4 OCT	£195,000	£112,995	73% above HPI

5 OAKWOOD CLOSE 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 two 5 OAKWOOD CLOSE sales from October 2002 and February 2021 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 October 2002 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the February 2021 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 5 OAKWOOD CLOSE?

5 OAKWOOD CLOSE is 104m² according to the EPC inspection conducted in October 2020. This puts it in the largest 40% of detached houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses by size in Cherry Willingham, and where 5 OAKWOOD CLOSE lies on this distribution: 61% of detached houses are smaller than 5 OAKWOOD CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

5 OAKWOOD CLOSE: Plot and Title Map

5 OAKWOOD CLOSE sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 5 OAKWOOD CLOSE, 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 OAKWOOD CLOSE). 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 OAKWOOD CLOSE?

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