49, CHERRY PADDOCKS, CHERRY WILLINGHAM, LINCOLN, LN3 4GW - £152,000

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.

49 CHERRY PADDOCKS is a very small terraced house of 66m², built in 2016, which could now be worth an estimated £197,906. It was last sold for £152,000 in April 2020, which was around 35% above the average April 2020 terraced price in the West Lindsey local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

49 CHERRY PADDOCKS Sold Prices

Land registry data shows two sales for 49 CHERRY PADDOCKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. Both of the two 49 CHERRY PADDOCKS 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
2020 30 APR	£152,000	£112,198	35% above HPI
2017 15 DEC	£141,950	£109,541	30% above HPI

49 CHERRY PADDOCKS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The two 49 CHERRY PADDOCKS sales from December 2017 and April 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 December 2017 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the April 2020 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 49 CHERRY PADDOCKS be worth now?

49 CHERRY PADDOCKS might now be worth an estimated £197,906.

This is based on house price inflation of 30.2%, between April 2020 and April 2026, for terraced 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 30.2% inflationary increase is applied to the most recent sale price for 49 CHERRY PADDOCKS of £152,000 on 30th April 2020. For the value to have increased from £152,000 to £197,906 over the six years to April 2026, the following assumptions must hold true:

• The value of 49 CHERRY PADDOCKS has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The April 2020 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 49 CHERRY PADDOCKS has not materially changed since April 2020.

How Large is 49 CHERRY PADDOCKS?

49 CHERRY PADDOCKS is 66m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of terraced houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cherry Willingham, and where 49 CHERRY PADDOCKS lies on this distribution: 10% of terraced houses houses are smaller than 49 CHERRY PADDOCKS, and 90% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

49 CHERRY PADDOCKS: Plot and Title Map

49 CHERRY PADDOCKS sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 49 CHERRY PADDOCKS, 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 49 CHERRY PADDOCKS). 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 49 CHERRY PADDOCKS?

49 CHERRY PADDOCKS is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 49 on CHERRY PADDOCKS.