THE TIMBELS, POTTERHANWORTH ROAD, NOCTON, LINCOLN, LN4 2BP - £490,000

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

THE TIMBELS is a large extended detached house of 158m², built sometime between 1996 and 2002. It was last sold for £490,000 in August 2023, which was around 62% above the average August 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

THE TIMBELS Sold Prices

Land registry data shows five sales for THE TIMBELS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the five THE TIMBELS 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 23 AUG	£490,000	£303,276	62% above HPI
2016 8 JUL	£325,000	£223,262	46% above HPI
2012 30 NOV	£277,000	£179,299	54% above HPI
2004 16 JAN	£290,000	£157,870	84% above HPI
2002 6 DEC	£245,000	£123,929	98% above HPI

THE TIMBELS 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 five THE TIMBELS sales between December 2002 and August 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 July 2016 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the August 2023 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is THE TIMBELS?

THE TIMBELS is 158m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Nocton, based on EPC data. The below chart shows the distribution of detached houses by size in Nocton, and where THE TIMBELS lies on this distribution: 62% of detached houses are smaller than THE TIMBELS, and 38% of houses are larger. Note that EPC data is not available for all properties in Nocton.

THE TIMBELS: Plot and Title Map

THE TIMBELS sits on a plot of roughly 0.191 of an acre, or 774m². The below map shows the location of THE TIMBELS, 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 THE TIMBELS). 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 THE TIMBELS?

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