BANKS LODGE, LINCOLN ROAD, DUNSTON, LINCOLN, LN4 2EX - £250,000

BANKS LODGE is a very large detached house of 185m², built sometime between 2003 and 2006. It was last sold for £250,000 in September 2011, which was around 40% above the average September 2011 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was C.

BANKS LODGE Sold Prices

Land registry data shows two sales for BANKS LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two BANKS LODGE 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
2011 24 SEP	£250,000	£178,446	40% above HPI
2005 2 SEP	£280,000	£178,724	57% above HPI

BANKS LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two BANKS LODGE sales from September 2005 and September 2011 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 September 2005 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the September 2011 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is BANKS LODGE?

BANKS LODGE is 185m² according to the EPC inspection conducted in February 2023. This puts it in the largest 20% of detached houses in Dunston, based on EPC data. The below chart shows the distribution of detached houses by size in Dunston, and where BANKS LODGE lies on this distribution: 81% of detached houses are smaller than BANKS LODGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Dunston.

BANKS LODGE: Plot and Title Map

BANKS LODGE sits on a plot of roughly 0.202 of an acre, or 816m². The below map shows the location of BANKS LODGE, 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 BANKS LODGE). 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 BANKS LODGE?

BANKS LODGE is located on LINCOLN ROAD in DUNSTON, in the LN4 postcode district. The below map shows the position of BANKS LODGE on LINCOLN ROAD.