50, VENABLES WAY, LINCOLN, LN2 4WN - £155,000

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

50 VENABLES WAY is a small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £155,000 in November 2022, which was around 49% below the average November 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was C.

50 VENABLES WAY Sold Prices

Land registry data shows five sales for 50 VENABLES WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the five 50 VENABLES 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
2022 25 NOV	£155,000	£304,136	49% below HPI
2021 8 MAR	£140,000	£263,492	47% below HPI
2019 1 FEB	£136,000	£248,229	45% below HPI
2004 16 AUG	£136,995	£171,880	20% below HPI
2002 20 DEC	£110,000	£125,530	12% below HPI

50 VENABLES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The five 50 VENABLES WAY sales between December 2002 and November 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 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the November 2022 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 50 VENABLES WAY?

50 VENABLES WAY is 76m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 50 VENABLES WAY lies on this distribution: 20% of detached houses are smaller than 50 VENABLES WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

50 VENABLES WAY: Plot and Title Map

50 VENABLES WAY sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 50 VENABLES 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 50 VENABLES 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 50 VENABLES WAY?

50 VENABLES WAY is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 50 on VENABLES WAY.