647A, NEWARK ROAD, LINCOLN, LN6 8SA - £340,000

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

647A NEWARK ROAD is a large detached house of 130m², built sometime between 1976 and 1982. It was last sold for £340,000 in May 2021, which was around 25% above the average May 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

647A NEWARK ROAD Sold Prices

Land registry data shows two sales for 647A NEWARK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 647A NEWARK ROAD 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
2021 7 MAY	£340,000	£271,614	25% above HPI
2008 11 APR	£263,000	£192,935	36% above HPI

647A NEWARK ROAD 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 two 647A NEWARK ROAD sales from April 2008 and May 2021 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 April 2008 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the May 2021 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 647A NEWARK ROAD?

647A NEWARK ROAD is 130m² according to the EPC inspection conducted in November 2020. This puts it in the largest 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 647A NEWARK ROAD lies on this distribution: 77% of detached houses are smaller than 647A NEWARK ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

647A NEWARK ROAD: Plot and Title Map

647A NEWARK ROAD sits on a plot of roughly 0.274 of an acre, or 1,110m². The below map shows the location of 647A NEWARK ROAD, 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 647A NEWARK ROAD). 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 647A NEWARK ROAD?

647A NEWARK ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 647A on NEWARK ROAD.