7, WATERFORD LANE, CHERRY WILLINGHAM, LINCOLN, LN3 4AL - £290,000

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

7 WATERFORD LANE is a large extended detached house of 128m², built sometime between 1930 and 1949. It was last sold for £290,000 in April 2023, which was around 8% above the average April 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was B.

7 WATERFORD LANE Sold Prices

Land registry data shows two sales for 7 WATERFORD LANE 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. Both of the two 7 WATERFORD LANE 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
2023 17 APR	£290,000	£268,944	8% above HPI
2021 14 DEC	£395,000	£265,050	49% above HPI

7 WATERFORD LANE 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 WATERFORD LANE sales from December 2021 and April 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 December 2021 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the April 2023 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 7 WATERFORD LANE?

7 WATERFORD LANE is 128m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% of detached houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses by size in Cherry Willingham, and where 7 WATERFORD LANE lies on this distribution: 79% of detached houses are smaller than 7 WATERFORD LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

7 WATERFORD LANE: Plot and Title Map

7 WATERFORD LANE sits on a plot of roughly 0.763 of an acre, or 3,086m². The below map shows the location of 7 WATERFORD 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 WATERFORD 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 WATERFORD LANE?

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