5, SMOOTING LANE, REEPHAM, LINCOLN, LN3 4DL - £500,000

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 SMOOTING LANE is a large detached house of 153m², built sometime between 1950 and 1966. It was last sold for £500,000 in July 2024, which was around 81% above the average July 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

5 SMOOTING LANE Sold Prices

Land registry data shows two sales for 5 SMOOTING LANE 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 SMOOTING 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
2024 24 JUL	£500,000	£276,755	81% above HPI
2007 21 SEP	£314,950	£202,990	55% above HPI

5 SMOOTING LANE 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 SMOOTING LANE sales from September 2007 and July 2024 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 September 2007 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the July 2024 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 5 SMOOTING LANE?

5 SMOOTING LANE is 153m² according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 5 SMOOTING LANE lies on this distribution: 62% of detached houses are smaller than 5 SMOOTING LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Reepham.

5 SMOOTING LANE: Plot and Title Map

5 SMOOTING LANE sits on a plot of roughly 0.318 of an acre, or 1,288m². The below map shows the location of 5 SMOOTING 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 SMOOTING 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 SMOOTING LANE?

5 SMOOTING LANE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 5 on SMOOTING LANE.