FARM LODGE, CLEVELAND AVENUE, NORTH HYKEHAM, LINCOLN, LN6 9TH - £290,000

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

FARM LODGE is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £290,000 in July 2024, which was around 3% below the average July 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

FARM LODGE Sold Prices

Land registry data shows four sales for FARM LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the four FARM LODGE 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
2024 24 JUL	£290,000	£299,517	3% below HPI
2020 4 DEC	£259,250	£271,548	5% below HPI
2017 14 JUL	£234,950	£237,927	1% below HPI
2004 3 SEP	£170,000	£168,856	1% above HPI

FARM LODGE 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 four FARM LODGE sales between September 2004 and July 2024 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 2020 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is FARM LODGE?

FARM LODGE is 94m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where FARM LODGE lies on this distribution: 39% of detached houses are smaller than FARM LODGE, and 60% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

FARM LODGE: Plot and Title Map

FARM LODGE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of FARM LODGE, 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 FARM LODGE). 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 FARM LODGE?

FARM LODGE is located on CLEVELAND AVENUE in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of FARM LODGE on CLEVELAND AVENUE.