5, MEADWAY, CHERRY WILLINGHAM, LINCOLN, LN3 4BN - £137,000

5 MEADWAY is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £137,000 in January 2013, which was around 21% below the average January 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

5 MEADWAY Sold Prices

Land registry data shows three sales for 5 MEADWAY 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 5 MEADWAY 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
2013 28 JAN	£137,000	£174,157	21% below HPI
2003 13 NOV	£137,000	£148,078	7% below HPI
1995 13 SEP	£58,850	£61,718	5% below HPI

5 MEADWAY 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 5 MEADWAY sales between September 1995 and January 2013 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 November 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2013 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 MEADWAY?

5 MEADWAY is 70m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% 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 MEADWAY lies on this distribution: 16% of detached houses are smaller than 5 MEADWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

5 MEADWAY: Plot and Title Map

5 MEADWAY sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 MEADWAY, 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 MEADWAY). 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 MEADWAY?

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