2, LANCASTER GATE, BARDNEY, LINCOLN, LN3 5BY - £145,000

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.

2 LANCASTER GATE is a very small detached house of 51m², built sometime from 2012 onwards, which could now be worth an estimated £182,362. It was last sold for £145,000 in August 2018, which was around 37% below the average August 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was A.

2 LANCASTER GATE Sold Prices

Land registry data shows two sales for 2 LANCASTER GATE 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 2 LANCASTER GATE sales were for below 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
2018 28 AUG	£145,000	£229,999	37% below HPI
2014 24 JUL	£152,950	£187,357	18% below HPI

2 LANCASTER GATE 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 2 LANCASTER GATE sales from July 2014 and August 2018 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 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 LANCASTER GATE be worth now?

2 LANCASTER GATE might now be worth an estimated £182,362.

This is based on house price inflation of 25.8%, between August 2018 and April 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 25.8% inflationary increase is applied to the most recent sale price for 2 LANCASTER GATE of £145,000 on 28th August 2018. For the value to have increased from £145,000 to £182,362 over the eight years and four months to April 2026, the following assumptions must hold true:

• The value of 2 LANCASTER GATE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2018 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER GATE has not materially changed since August 2018.

How Large is 2 LANCASTER GATE?

2 LANCASTER GATE is 51m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of detached houses houses in Bardney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bardney, and where 2 LANCASTER GATE lies on this distribution: 2% of detached houses houses are smaller than 2 LANCASTER GATE, and 98% of houses are larger. Note that EPC data is not available for all properties in Bardney.

2 LANCASTER GATE: Plot and Title Map

2 LANCASTER GATE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 2 LANCASTER GATE, 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 2 LANCASTER GATE). 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 2 LANCASTER GATE?

2 LANCASTER GATE is located in BARDNEY, in the LN3 postcode district. The below map shows the position of No. 2 on LANCASTER GATE.