MILTON FARM BUNGALOW, VICARAGE LANE, HARMSTON, LINCOLN, LN5 9SL - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILTON FARM BUNGALOW is a very small extended detached house of 108m², built sometime between 1930 and 1949, which could now be worth an estimated £388,226. It was last sold for £270,000 in March 2016, which was around 26% above the average March 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

MILTON FARM BUNGALOW Sold Prices

Land registry data shows three sales for MILTON FARM BUNGALOW 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. Two of the three MILTON FARM BUNGALOW 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
2016 30 MAR	£270,000	£214,091	26% above HPI
2011 20 APR	£265,000	£172,889	53% above HPI
2010 5 MAR	£137,500	£178,601	23% below HPI

MILTON FARM BUNGALOW 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 MILTON FARM BUNGALOW sales between March 2010 and March 2016 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 April 2011 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the March 2016 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might MILTON FARM BUNGALOW be worth now?

MILTON FARM BUNGALOW might now be worth an estimated £388,226.

This is based on house price inflation of 43.8%, between March 2016 and March 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.8% inflationary increase is applied to the most recent sale price for MILTON FARM BUNGALOW of £270,000 on 30th March 2016. For the value to have increased from £270,000 to £388,226 over the nine years to March 2025, the following assumptions must hold true:

• The value of MILTON FARM BUNGALOW has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of MILTON FARM BUNGALOW has not materially changed since March 2016.

How Large is MILTON FARM BUNGALOW?

MILTON FARM BUNGALOW is 108m², which includes two extensions, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses houses in Harmston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harmston, and where MILTON FARM BUNGALOW lies on this distribution: 12% of detached houses houses are smaller than MILTON FARM BUNGALOW, and 88% of houses are larger. Note that EPC data is not available for all properties in Harmston.

MILTON FARM BUNGALOW: Plot and Title Map

MILTON FARM BUNGALOW sits on a plot of roughly 0.634 of an acre, or 2,567m². The below map shows the location of MILTON FARM BUNGALOW, 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 MILTON FARM BUNGALOW). 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 MILTON FARM BUNGALOW?

MILTON FARM BUNGALOW is located on VICARAGE LANE in HARMSTON, in the LN5 postcode district. The below map shows the position of MILTON FARM BUNGALOW on VICARAGE LANE.