7, FRANKLIN WAY, CHERRY WILLINGHAM, LINCOLN, LN3 4GL - £157,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 FRANKLIN WAY is a very large detached house of 157m², built sometime between 1996 and 2002. It was last sold for £157,500 in May 2003, which was around 15% above the average May 2003 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

7 FRANKLIN WAY Sold Prices

Land registry data shows two sales for 7 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two 7 FRANKLIN WAY sales was for above the average price, whilst the other was 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
2003 2 MAY	£157,500	£136,855	15% above HPI
2003 2 APR	£137,995	£139,642	1% below HPI

7 FRANKLIN WAY 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 two 7 FRANKLIN WAY sales from April 2003 and May 2003 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 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2003 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 7 FRANKLIN WAY be worth now?

7 FRANKLIN WAY might now be worth an estimated £327,900.

This is based on house price inflation of 108.2%, between May 2003 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 108.2% inflationary increase is applied to the most recent sale price for 7 FRANKLIN WAY of £157,500 on 2nd May 2003. For the value to have increased from £157,500 to £327,900 over the twenty years and five months to December 2024, the following assumptions must hold true:

• The value of 7 FRANKLIN WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2003 sale price of £157,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FRANKLIN WAY has not materially changed since May 2003.

How Large is 7 FRANKLIN WAY?

7 FRANKLIN WAY is 157m² according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 7 FRANKLIN WAY lies on this distribution: 93% of detached houses houses are smaller than 7 FRANKLIN WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

7 FRANKLIN WAY: Plot and Title Map

7 FRANKLIN WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 7 FRANKLIN 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 7 FRANKLIN 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 7 FRANKLIN WAY?

7 FRANKLIN WAY is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 7 on FRANKLIN WAY.