57, REDWOOD DRIVE, WADDINGTON, LINCOLN, LN5 9BN - £160,000

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

57 REDWOOD DRIVE is a midsized extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £160,000 in July 2016, which was around 28% below the average July 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

57 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 57 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 57 REDWOOD 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
2016 12 JUL	£160,000	£223,262	28% below HPI
2006 24 JAN	£132,000	£179,056	26% below HPI

57 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 57 REDWOOD DRIVE sales from January 2006 and July 2016 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 57 REDWOOD DRIVE?

57 REDWOOD DRIVE is 94m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 57 REDWOOD DRIVE lies on this distribution: 43% of detached houses are smaller than 57 REDWOOD DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Waddington.

57 REDWOOD DRIVE: Plot and Title Map

57 REDWOOD DRIVE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 57 REDWOOD 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 57 REDWOOD 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 57 REDWOOD DRIVE?

57 REDWOOD DRIVE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 57 on REDWOOD DRIVE.