5, FRANKLIN WAY, CHERRY WILLINGHAM, LINCOLN, LN3 4GL - £335,000

5 FRANKLIN WAY is a large extended detached house of 128m², built sometime between 2007 and 2011. It was last sold for £335,000 in October 2022, which was around 17% above the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

5 FRANKLIN WAY Sold Prices

Land registry data shows four sales for 5 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. The four 5 FRANKLIN WAY sales were a mix of above 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
2022 7 OCT	£335,000	£286,995	17% above HPI
2018 29 MAR	£235,000	£213,838	10% above HPI
2015 1 JUN	£188,000	£188,193	Close to HPI
2002 18 DEC	£145,995	£115,137	27% above HPI

5 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 four 5 FRANKLIN WAY sales between December 2002 and October 2022 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 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 5 FRANKLIN WAY?

5 FRANKLIN WAY is 128m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses by size in Cherry Willingham, and where 5 FRANKLIN WAY lies on this distribution: 79% of detached houses are smaller than 5 FRANKLIN WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

5 FRANKLIN WAY: Plot and Title Map

5 FRANKLIN WAY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 5 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 5 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 5 FRANKLIN WAY?

5 FRANKLIN WAY is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 5 on FRANKLIN WAY.