PARK FARM, THE GREEN, NOCTON, LINCOLN, LN4 2BG - £705,000

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.

PARK FARM is a very small extended detached house of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £862,306. It was last sold for £705,000 in May 2019, which was around 185% above the average May 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

PARK FARM Sold Prices

Land registry data shows three sales for PARK FARM 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. All of the three PARK FARM 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
2019 8 MAY	£705,000	£247,520	185% above HPI
1997 2 JUN	£143,000	£64,669	121% above HPI
1996 30 AUG	£105,000	£62,025	69% above HPI

PARK FARM 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 PARK FARM sales between August 1996 and May 2019 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 June 1997 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the May 2019 sale, where it rises to 185% above the HPI. The line then continues to track at 185% above the HPI.

What might PARK FARM be worth now?

PARK FARM might now be worth an estimated £862,306.

This is based on house price inflation of 22.3%, between May 2019 and February 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 22.3% inflationary increase is applied to the most recent sale price for PARK FARM of £705,000 on 8th May 2019. For the value to have increased from £705,000 to £862,306 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of PARK FARM has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2019 sale price of £705,000 represented a fair market value for the property.
• The size, condition, and specification of PARK FARM has not materially changed since May 2019.

How Large is PARK FARM?

PARK FARM is 55m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 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 PARK FARM lies on this distribution: Less than 1% of detached houses houses are smaller than PARK FARM, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Nocton.

PARK FARM: Plot and Title Map

PARK FARM sits on a plot of roughly 0.293 of an acre, or 1,185m². The below map shows the location of PARK FARM, 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 PARK FARM). 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 PARK FARM?

PARK FARM is located on THE GREEN in NOCTON, in the LN4 postcode district. The below map shows the position of PARK FARM on THE GREEN.