1, FRANKLIN WAY, CHERRY WILLINGHAM, LINCOLN, LN3 4GL - £220,000

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.

1 FRANKLIN WAY is a large detached house of 127m², built sometime between 2003 and 2006, which could now be worth an estimated £343,229. It was last sold for £220,000 in September 2013, which was around 20% above the average September 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

1 FRANKLIN WAY Sold Prices

Land registry data shows two sales for 1 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 1 FRANKLIN WAY 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
2013 27 SEP	£220,000	£182,973	20% above HPI
2004 20 DEC	£209,995	£173,959	21% above HPI

1 FRANKLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 1 FRANKLIN WAY sales from December 2004 and September 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 December 2004 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2013 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 1 FRANKLIN WAY be worth now?

1 FRANKLIN WAY might now be worth an estimated £343,229.

This is based on house price inflation of 56%, between September 2013 and May 2026, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56% inflationary increase is applied to the most recent sale price for 1 FRANKLIN WAY of £220,000 on 27th September 2013. For the value to have increased from £220,000 to £343,229 over the thirteen years and four months to May 2026, the following assumptions must hold true:

• The value of 1 FRANKLIN WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2013 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FRANKLIN WAY has not materially changed since September 2013.

How Large is 1 FRANKLIN WAY?

1 FRANKLIN WAY is 127m² according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 1 FRANKLIN WAY lies on this distribution: 79% of detached houses houses are smaller than 1 FRANKLIN WAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

1 FRANKLIN WAY: Plot and Title Map

1 FRANKLIN WAY sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 1 FRANKLIN WAY, 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 1 FRANKLIN WAY). 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 1 FRANKLIN WAY?

1 FRANKLIN WAY is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 1 on FRANKLIN WAY.