7, HALES LANE, NAVENBY, LINCOLN, LN5 0TP - £250,000

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

7 HALES LANE is a very small detached house of 61m², built sometime between 1991 and 1995. It was last sold for £250,000 in December 2023, which was around 17% below the average December 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

7 HALES LANE Sold Prices

Land registry data shows three sales for 7 HALES LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Two of the three 7 HALES LANE sales were for below the average price, whilst one was 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
2023 11 DEC	£250,000	£300,534	17% below HPI
2004 22 JUL	£149,950	£168,745	11% below HPI
1996 30 APR	£59,950	£58,955	2% above HPI

7 HALES LANE 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 three 7 HALES LANE sales between April 1996 and December 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 July 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 7 HALES LANE?

7 HALES LANE is 61m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of detached houses in Navenby, based on EPC data. The below chart shows the distribution of detached houses by size in Navenby, and where 7 HALES LANE lies on this distribution: 5% of detached houses are smaller than 7 HALES LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Navenby.

7 HALES LANE: Plot and Title Map

7 HALES LANE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 7 HALES LANE, 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 HALES LANE). 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 HALES LANE?

7 HALES LANE is located in NAVENBY, in the LN5 postcode district. The below map shows the position of No. 7 on HALES LANE.