41, OAKFIELD, SAXILBY, LINCOLN, LN1 2QW - £225,000

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.

41 OAKFIELD is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £288,819. It was last sold for £225,000 in March 2020, which was around 2% below the average March 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

41 OAKFIELD Sold Prices

Land registry data shows three sales for 41 OAKFIELD 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. All of the three 41 OAKFIELD 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
2020 6 MAR	£225,000	£229,168	2% below HPI
2015 2 FEB	£177,000	£189,018	6% below HPI
2004 14 OCT	£146,000	£174,583	16% below HPI

41 OAKFIELD 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 41 OAKFIELD sales between October 2004 and March 2020 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 February 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 41 OAKFIELD be worth now?

41 OAKFIELD might now be worth an estimated £288,819.

This is based on house price inflation of 28.4%, between March 2020 and March 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 28.4% inflationary increase is applied to the most recent sale price for 41 OAKFIELD of £225,000 on 6th March 2020. For the value to have increased from £225,000 to £288,819 over the five years to March 2025, the following assumptions must hold true:

• The value of 41 OAKFIELD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 41 OAKFIELD has not materially changed since March 2020.

How Large is 41 OAKFIELD?

41 OAKFIELD is 96m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saxilby, and where 41 OAKFIELD lies on this distribution: 31% of detached houses houses are smaller than 41 OAKFIELD, and 66% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

41 OAKFIELD: Plot and Title Map

41 OAKFIELD sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 41 OAKFIELD, 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 41 OAKFIELD). 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 41 OAKFIELD?

41 OAKFIELD is located in SAXILBY, in the LN1 postcode district. The below map shows the position of No. 41 on OAKFIELD.