7, WILLOUGHBY LANE, WADDINGTON, LINCOLN, LN5 9DJ - £190,000

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 WILLOUGHBY LANE is a very small extended detached house of 65m², built sometime between 1950 and 1966. It was last sold for £190,000 in April 2022, which was around 37% below the average April 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

7 WILLOUGHBY LANE Sold Prices

Land registry data shows three sales for 7 WILLOUGHBY 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. All of the three 7 WILLOUGHBY LANE 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
2022 26 APR	£190,000	£302,121	37% below HPI
2006 11 SEP	£112,000	£187,600	40% below HPI
1997 22 AUG	£42,350	£66,529	36% below HPI

7 WILLOUGHBY 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 WILLOUGHBY LANE sales between August 1997 and April 2022 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 September 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the April 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 7 WILLOUGHBY LANE?

7 WILLOUGHBY LANE is 65m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 7 WILLOUGHBY LANE lies on this distribution: 6% of detached houses are smaller than 7 WILLOUGHBY LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Waddington.

7 WILLOUGHBY LANE: Plot and Title Map

7 WILLOUGHBY LANE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 7 WILLOUGHBY 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 WILLOUGHBY 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 WILLOUGHBY LANE?

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