56, OAKFIELD, SAXILBY, LINCOLN, LN1 2QW - £285,000

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

56 OAKFIELD is a very small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £285,000 in August 2023, which was around 2% above the average August 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

56 OAKFIELD Sold Prices

Land registry data shows three sales for 56 OAKFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the three 56 OAKFIELD sales was for above the average price, whilst two 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
2023 9 AUG	£285,000	£280,309	2% above HPI
2016 18 NOV	£148,000	£205,472	28% below HPI
2015 28 OCT	£128,000	£196,626	35% below HPI

56 OAKFIELD 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 three 56 OAKFIELD sales between October 2015 and August 2023 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 November 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2023 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 56 OAKFIELD?

56 OAKFIELD is 76m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses by size in Saxilby, and where 56 OAKFIELD lies on this distribution: 9% of detached houses are smaller than 56 OAKFIELD, and 90% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

56 OAKFIELD: Plot and Title Map

56 OAKFIELD sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 56 OAKFIELD, 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 56 OAKFIELD). 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 56 OAKFIELD?

56 OAKFIELD is located in SAXILBY, in the LN1 postcode district. The below map shows the position of No. 56 on OAKFIELD.