51, LABURNUM DRIVE, CHERRY WILLINGHAM, LINCOLN, LN3 4AR - £195,000

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

51 LABURNUM DRIVE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £195,000 in March 2018, which was around 9% below the average March 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

51 LABURNUM DRIVE Sold Prices

Land registry data shows four sales for 51 LABURNUM DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 51 LABURNUM DRIVE 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
2018 20 MAR	£195,000	£213,838	9% below HPI
2015 26 JAN	£174,000	£186,093	6% below HPI
2013 4 JUL	£151,250	£175,259	14% below HPI
2012 3 FEB	£140,000	£175,796	20% below HPI

51 LABURNUM DRIVE 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 four 51 LABURNUM DRIVE sales between February 2012 and March 2018 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 January 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 51 LABURNUM DRIVE?

51 LABURNUM DRIVE is 50m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% 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 51 LABURNUM DRIVE lies on this distribution: Less than 1% of detached houses are smaller than 51 LABURNUM DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

51 LABURNUM DRIVE: Plot and Title Map

51 LABURNUM DRIVE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 51 LABURNUM DRIVE, 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 51 LABURNUM DRIVE). 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 51 LABURNUM DRIVE?

51 LABURNUM DRIVE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 51 on LABURNUM DRIVE.