Housing Market Analysis for FRANKLIN WAY, LN3 4GL

Are you looking to understand LN3 4GL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this West Lindsey postcode.

For the location information and nearby amenities in the LN3 4GL area, explore the LN3 4GL Area information page.
For comprehensive crime statistics in the LN3 4GL area, explore the LN3 4GL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN3 4GL postcode area, The average prices are as follows,

Detached
- The average price is around £194,709 median price is £184,498 Standard Deviation is £49,228 with Total Sold: 40
- The Last 5 Year average price is £294,800 with Total Sold: 5
- The most recent sale happened at this postcode is 5 FRANKLIN WAY: £335,000 (Sold on 07 Oct 2022)
- The first recorded sale happened at this postcode is 22 FRANKLIN WAY: £330,000 (Sold on 09 Feb 2024)

Sold Price Trend Over the Years:

Below table and chart gives the average LN3 4GL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£335,000	£2,617	1
2021	£269,500	£2,396	2
2020	£270,000	£2,571	1
2018	£242,500	£2,108	2
2017	£242,500	£1,909	2
2015	£188,000	£1,469	1
2014	£203,000	£1,495	1
2013	£220,000		1
2012	£189,000	£1,502	1
2008	£188,500		1
2007	£183,000		1
2006	£195,000		1
2005	£191,995	£1,478	2
2004	£205,148		3
2003	£161,229	£1,202	15
2002	£139,995	£1,261	4
2024	£330,000		1

All the Sales in the FRANKLIN WAY, LN3 4GL

See the table below for more details on the sold house prices in the LN3 4GL, West Lindsey postcode.

Address	Sold Date	Price	% Change
5 FRANKLIN WAYDetached, FreeholdArea: 128 Sq.mtrAge: 2007-2011	07 Oct 2022	£335,000	42.55%
	29 Mar 2018	£235,000	25.00%
	01 Jun 2015	£188,000	28.77%
	18 Dec 2002	£145,995	First Sale
11 FRANKLIN WAYDetached, FreeholdArea: 122 Sq.mtrAge: 1996-2002	26 Aug 2021	£257,000	52.98%
	26 Aug 2003	£167,995	First Sale
10 FRANKLIN WAYDetached, FreeholdArea: 105 Sq.mtrAge: 2003-2006	05 Jan 2021	£282,000	4.44%
	09 Oct 2020	£270,000	8.00%
	12 Jul 2018	£250,000	72.42%
	20 Dec 2002	£144,995	First Sale
22 FRANKLIN WAYDetached, FreeholdArea: 128 Sq.mtrAge: 2003-2006	24 Nov 2017	£245,000	44.97%
	27 Jun 2003	£168,995	-48.79%
	09 Feb 2024	£330,000	First Sale
18 FRANKLIN WAYDetached, FreeholdArea: 126 Sq.mtrAge: 2003-2006	07 Jul 2017	£240,000	47.24%
	30 May 2003	£162,995	First Sale
24 FRANKLIN WAYDetached, FreeholdArea: 135.75 Sq.mtrAge: 2003-2006	31 Jan 2014	£203,000	11.54%
	27 Jun 2003	£181,995	First Sale
1 FRANKLIN WAYDetached, Freehold	27 Sep 2013	£220,000	4.76%
1 FRANKLIN WAYDetached, Freehold	20 Dec 2004	£209,995	First Sale
14 FRANKLIN WAYDetached, FreeholdArea: 125.84 Sq.mtrAge: 2003-2006	17 Feb 2012	£189,000	1.62%
	31 Mar 2005	£185,995	First Sale
9 FRANKLIN WAYDetached, Freehold	27 Aug 2008	£188,500	-5.73%
	01 Nov 2004	£199,950	22.11%
	14 Nov 2003	£163,745	7.73%
	30 Jun 2003	£151,995	First Sale
12 FRANKLIN WAYDetached, Freehold	16 Mar 2007	£183,000	47.59%
12 FRANKLIN WAYDetached, Freehold	19 Dec 2002	£123,995	First Sale
4 FRANKLIN WAYDetached, Freehold	20 Oct 2006	£195,000	30.00%
4 FRANKLIN WAYDetached, Freehold	28 Mar 2003	£149,995	First Sale
16 FRANKLIN WAYDetached, Freehold	15 Apr 2005	£197,995	First Sale
8 FRANKLIN WAYDetached, Freehold	18 Jun 2004	£205,500	41.73%
8 FRANKLIN WAYDetached, Freehold	20 Dec 2002	£144,995	First Sale
3 FRANKLIN WAYDetached, Freehold	29 Oct 2003	£173,745	19.83%
3 FRANKLIN WAYDetached, Freehold	04 Apr 2003	£144,995	First Sale
15 FRANKLIN WAYDetached, Freehold	29 Aug 2003	£172,495	First Sale
20 FRANKLIN WAYDetached, Freehold	29 May 2003	£152,995	First Sale
7 FRANKLIN WAYDetached, FreeholdArea: 157 Sq.mtrAge: 1996-2002	02 May 2003	£157,500	14.13%
	02 Apr 2003	£137,995	First Sale
6 FRANKLIN WAYDetached, Freehold	28 Mar 2003	£164,995	First Sale
2 FRANKLIN WAYDetached, Freehold	05 Mar 2003	£165,995	First Sale

Check out the sold house prices near the LN3 4GL postcode. Properties currently for saleProperties currently for rent

FRANKLIN WAY, LN3 4GL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN3 4GL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LN3 4GL postcode.

Semi-Detached
- The average price is around £144,354 median price is £142,995 Standard Deviation is £42,837 with Total Sold: 182
- The Last 5 Year average price is £182,087 with Total Sold: 42
- The most recent sale happened at this postcode is , 20 TENNYSON WALK: £240,000 (Sold on 12 Jul 2024)
- The first recorded sale happened at this postcode is , 25 HAWTHORN ROAD: £41,000 (Sold on 05 May 1995)
Terraced
- The average price is around £149,076 median price is £147,500 Standard Deviation is £41,029 with Total Sold: 135
- The Last 5 Year average price is £180,244 with Total Sold: 44
- The most recent sale happened at this postcode is , 59 WESLEY ROAD: £208,000 (Sold on 28 Jun 2024)
- The first recorded sale happened at this postcode is , 9 HAWTHORN ROAD: £53,000 (Sold on 31 Jul 1995)
Other
- The average price is around £315,833 median price is £246,000 Standard Deviation is £289,405 with Total Sold: 3
- The Last 5 Year average price is £246,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 16 TENNYSON WALK: £246,000 (Sold on 29 May 2024)
- The first recorded sale happened at this postcode is , 54 CHERRY PADDOCKS: £700,000 (Sold on 29 Jul 2016)
Detached
- The average price is around £175,147 median price is £170,998 Standard Deviation is £76,217 with Total Sold: 206
- The Last 5 Year average price is £259,724 with Total Sold: 29
- The most recent sale happened at this postcode is , 22 FRANKLIN WAY: £330,000 (Sold on 09 Feb 2024)
- The first recorded sale happened at this postcode is , 14 HAWTHORN AVENUE: £42,000 (Sold on 28 Feb 1995)
Flat
- The average price is around £154,975 median price is £154,975 Standard Deviation is £15,025 with Total Sold: 2
- The Last 5 Year average price is £170,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 37 CHERRY PADDOCKS: £170,000 (Sold on 26 Nov 2021)
- The first recorded sale happened at this postcode is , 37 CHERRY PADDOCKS: £139,950 (Sold on 27 Jan 2017)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£240,000		1
2023	£186,292	£2,115	6
2022	£218,825	£2,608	6
2021	£189,765	£2,053	13
2020	£164,062	£2,321	8
2019	£149,688	£2,124	8
2018	£163,916	£2,016	15
2017	£155,242	£1,865	13
2016	£147,052	£1,767	24
2015	£155,629	£1,766	7
2014	£142,732	£1,692	11
2013	£129,404	£1,598	13
2012	£125,000	£2,155	1
2011	£124,000	£1,957	2
2010	£145,750	£1,556	2
2009	£102,475	£1,233	2
2008	£131,198	£1,875	4
2007	£152,125	£1,713	4
2006	£131,667	£1,866	3
2005	£117,200	£1,672	5
2004	£129,782	£1,548	14
2003	£124,564	£1,315	6
2002	£40,000	£388	1
2001	£59,483	£973	3
2000	£57,833	£813	3
1999	£56,000	£583	1
1998	£68,500	£434	1
1997	£41,000	£732	1
1996	£41,250	£287	2
1995	£44,500		2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£206,500		2
2023	£202,400	£2,633	5
2022	£182,357	£2,217	7
2021	£176,917	£2,222	6
2020	£192,125	£1,999	4
2019	£169,962	£2,191	20
2018	£166,818	£1,920	20
2017	£140,580	£2,137	20
2016	£137,336	£1,793	14
2015	£162,283	£1,567	6
2014	£130,975	£2,015	2
2013	£161,000	£1,450	1
2012	£107,000	£1,986	3
2011	£78,333	£1,163	3
2008	£91,750	£1,786	2
2007	£92,250	£1,449	2
2005	£93,783	£1,383	6
2004	£121,412	£1,503	6
2003	£94,662	£1,399	3
2002	£115,000	£1,117	1
1997	£60,000	£583	1
1995	£53,000		1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£246,000		1
2018	£1,500		1
2016	£700,000	£10,606	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£330,000		1
2023	£268,333	£2,469	3
2022	£300,750	£2,240	4
2021	£219,778	£2,441	9
2020	£254,750	£2,272	8
2019	£294,500	£2,221	4
2018	£248,875	£2,458	4
2017	£222,250	£2,067	8
2016	£208,000	£1,801	8
2015	£212,135	£1,756	7
2014	£186,818	£1,707	11
2013	£179,333	£1,588	6
2012	£173,050	£1,666	6
2011	£157,500	£1,357	3
2010	£176,000	£1,624	6
2009	£265,000	£1,410	1
2008	£188,500		1
2007	£185,695	£1,868	10
2006	£171,450	£1,776	10
2005	£177,585	£1,584	11
2004	£148,302	£1,563	13
2003	£169,354	£1,413	39
2002	£117,140	£1,261	7
2001	£73,429	£757	7
2000	£63,590	£623	5
1999	£53,750	£605	6
1998	£58,500	£606	1
1997	£55,000	£472	3
1996	£39,000		1
1995	£60,000	£490	3

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£170,000	£2,576	1
2017	£139,950	£2,120	1

House Type in LN3 4GL area

The most common house types in the LN3 4GL postcode area are Semi-detached (103), Terraced (74), and Detached (68).

Total	245
Semi-detached	103
Terraced	74
Detached	68
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (154), and Private rented: Private landlord or letting agency (40).

Owned: Owns with a mortgage or loan	154
Private rented: Private landlord or letting agency	40
Owned: Owns outright	31
Social rented: Other social rented	12
Shared ownership: Shared ownership	4
Private rented: Other private rented	3
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the LN3 4GL have 2 people in household (98), and 1 person in household (55).

2 people in household	98
1 person in household	55
4 people in household	45
3 people in household	41
5 people in household	7
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0