CHERRY TREES, GRANGE CLOSE, INGHAM, LINCOLN, LN1 2UY - £700,000

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

CHERRY TREES is a very large extended detached house of 201m², built sometime between 1996 and 2002. It was last sold for £700,000 in November 2021, which was around 168% above the average November 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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
2021 3 NOV	£700,000	£261,092	168% above HPI
1998 5 JAN	£190,000	£67,362	182% above HPI

CHERRY TREES 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 CHERRY TREES sales from January 1998 and November 2021 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 1998 sale was for 182% above the HPI. So the extrapolation line tracks at 182% above the HPI over time, until the November 2021 sale, where it falls to 168% above the HPI. The line then continues to track at 168% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 201m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses in Ingham, based on EPC data. The below chart shows the distribution of detached houses by size in Ingham, and where CHERRY TREES lies on this distribution: 88% of detached houses are smaller than CHERRY TREES, and 12% of houses are larger. Note that EPC data is not available for all properties in Ingham.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 1.1 acres, or 4,350m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on GRANGE CLOSE in INGHAM, in the LN1 postcode district. The below map shows the position of CHERRY TREES on GRANGE CLOSE.