CARANE, NEWARK ROAD, LAUGHTERTON, LINCOLN, LN1 2JU - £300,000

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

CARANE is a very small detached house of 95m², built sometime between 1976 and 1982. It was last sold for £300,000 in October 2022, which was around 6% above the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

CARANE Sold Prices

Land registry data shows three sales for CARANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three CARANE sales were for above the average price, whilst one 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
2022 20 OCT	£300,000	£283,153	6% above HPI
2021 11 JAN	£255,000	£241,839	5% above HPI
1996 26 SEP	£57,000	£62,492	9% below HPI

CARANE 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 three CARANE sales between September 1996 and October 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 January 2021 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is CARANE?

CARANE is 95m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Laughterton, based on EPC data. The below chart shows the distribution of detached houses by size in Laughterton, and where CARANE lies on this distribution: 8% of detached houses are smaller than CARANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Laughterton.

CARANE: Plot and Title Map

CARANE sits on a plot of roughly 0.200 of an acre, or 808m². The below map shows the location of CARANE, 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 CARANE). 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 CARANE?

CARANE is located on NEWARK ROAD in LAUGHTERTON, in the LN1 postcode district. The below map shows the position of CARANE on NEWARK ROAD.