10, SCOTHERN LANE, LANGWORTH, LINCOLN, LN3 5BH - £245,000

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.

10 SCOTHERN LANE is a very small detached house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £284,022. It was last sold for £245,000 in February 2021, which was around 2% below the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was B.

10 SCOTHERN LANE Sold Prices

Land registry data shows three sales for 10 SCOTHERN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. The three 10 SCOTHERN LANE sales were a mix of below the average price, and roughly equal to 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
2021 1 FEB	£245,000	£251,118	2% below HPI
2004 30 MAR	£155,000	£154,752	Close to HPI
1996 16 OCT	£62,000	£63,713	3% below HPI

10 SCOTHERN LANE 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 three 10 SCOTHERN LANE sales between October 1996 and February 2021 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 March 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 10 SCOTHERN LANE be worth now?

10 SCOTHERN LANE might now be worth an estimated £284,022.

This is based on house price inflation of 15.9%, between February 2021 and February 2025, 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 15.9% inflationary increase is applied to the most recent sale price for 10 SCOTHERN LANE of £245,000 on 1st February 2021. For the value to have increased from £245,000 to £284,022 over the four years to February 2025, the following assumptions must hold true:

• The value of 10 SCOTHERN LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 10 SCOTHERN LANE has not materially changed since February 2021.

How Large is 10 SCOTHERN LANE?

10 SCOTHERN LANE is 70m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses houses in Langworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langworth, and where 10 SCOTHERN LANE lies on this distribution: 7% of detached houses houses are smaller than 10 SCOTHERN LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Langworth.

10 SCOTHERN LANE: Plot and Title Map

10 SCOTHERN LANE sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of 10 SCOTHERN LANE, 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 10 SCOTHERN LANE). 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 10 SCOTHERN LANE?

10 SCOTHERN LANE is located in LANGWORTH, in the LN3 postcode district. The below map shows the position of No. 10 on SCOTHERN LANE.