PENNY ACRES, WILLOW LANE, DUNSTON, LINCOLN, LN4 2EP - £450,000

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.

PENNY ACRES is a midsized extended detached house of 135m², built sometime between 1967 and 1975, which could now be worth an estimated £460,832. It was last sold for £450,000 in November 2023, which was around 52% above the average November 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

PENNY ACRES Sold Prices

Land registry data shows two sales for PENNY ACRES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two PENNY ACRES 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
2023 3 NOV	£450,000	£295,633	52% above HPI
2009 12 AUG	£227,000	£172,065	32% above HPI

PENNY ACRES 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 two PENNY ACRES sales from August 2009 and November 2023 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 August 2009 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2023 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might PENNY ACRES be worth now?

PENNY ACRES might now be worth an estimated £460,832.

This is based on house price inflation of 2.4%, between November 2023 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 2.4% inflationary increase is applied to the most recent sale price for PENNY ACRES of £450,000 on 3rd November 2023. For the value to have increased from £450,000 to £460,832 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of PENNY ACRES has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2023 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of PENNY ACRES has not materially changed since November 2023.

How Large is PENNY ACRES?

PENNY ACRES is 135m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 50% of detached houses houses in Dunston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dunston, and where PENNY ACRES lies on this distribution: 52% of detached houses houses are smaller than PENNY ACRES, and 48% of houses are larger. Note that EPC data is not available for all properties in Dunston.

PENNY ACRES: Plot and Title Map

PENNY ACRES sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of PENNY ACRES, 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 PENNY ACRES). 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 PENNY ACRES?

PENNY ACRES is located on WILLOW LANE in DUNSTON, in the LN4 postcode district. The below map shows the position of PENNY ACRES on WILLOW LANE.