OAK HOUSE, POTTERHANWORTH ROAD, NOCTON, LINCOLN, LN4 2BP - £525,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAK HOUSE is a very large extended detached house of 358m², built sometime between 1996 and 2002, which could now be worth an estimated £843,398. It was last sold for £525,000 in December 2013, which was around 186% above the average December 2013 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

OAK HOUSE Sold Prices

Land registry data shows three sales for OAK HOUSE 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 OAK HOUSE 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
2013 13 DEC	£525,000	£183,410	186% above HPI
2004 8 OCT	£380,000	£167,970	126% above HPI
1999 22 OCT	£45,000	£71,527	37% below HPI

OAK HOUSE 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 OAK HOUSE sales between October 1999 and December 2013 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 October 2004 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the December 2013 sale, where it rises to 186% above the HPI. The line then continues to track at 186% above the HPI.

What might OAK HOUSE be worth now?

OAK HOUSE might now be worth an estimated £843,398.

This is based on house price inflation of 60.6%, between December 2013 and December 2024, 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 60.6% inflationary increase is applied to the most recent sale price for OAK HOUSE of £525,000 on 13th December 2013. For the value to have increased from £525,000 to £843,398 over the eleven years to December 2024, the following assumptions must hold true:

• The value of OAK HOUSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2013 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of OAK HOUSE has not materially changed since December 2013.

How Large is OAK HOUSE?

OAK HOUSE is 358m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the largest 10% of detached houses houses in Nocton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nocton, and where OAK HOUSE lies on this distribution: More than 99% of detached houses houses are smaller than OAK HOUSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Nocton.

OAK HOUSE: Plot and Title Map

OAK HOUSE sits on a plot of roughly 0.314 of an acre, or 1,271m². The below map shows the location of OAK HOUSE, 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 OAK HOUSE). 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 OAK HOUSE?

OAK HOUSE is located on POTTERHANWORTH ROAD in NOCTON, in the LN4 postcode district. The below map shows the position of OAK HOUSE on POTTERHANWORTH ROAD.