House prices in LN3 (Cherry Willingham)

Price per square metre data and charts to help you understand the housing market in LN3 - stats were last calculated on 01 December 2025.

Defining 'LN3'

This analysis is limited to properties whose postcode starts with "LN3", this is also called the postcode district. There are no official postcode district names so I've just labelled it LN3, Cherry Willingham. It is shown in red on the map below.

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Price per square metre

Knowing the average house price in LN3 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

For example in October 2025, 4, Heathcroft, Cherry Willingham, LN3 4RB sold for £335,000. Given the internal area of 125 square metres recorded on the EPC, the price per sqm is £335,000 ÷ 125 sqm = £2,680.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on LN3 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for houses vs flats in LN3

The chart above is called a histogram, it helps you see the distribution of house price per sqm in LN3 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,350 to £2,500, £2,500 to £2,650, £2,650 to £2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 240 sales that took place in LN3, in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in LN3, Cherry Willingham. Notably, only 25% of properties that sold recently were valued at more than £2,960 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of LN3 homes.

Box plot of £ per sqm for LN3

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Cherry Willingham. The chart above shows a boxplot for 'LN3' as well as the 'LN' postcode area.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'LN3' is £2,600.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 240 transactions in LN3, Cherry Willingham half were sold for between £2,160 and £2,960 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 240 for LN3, Cherry Willingham.

    • Property price map for Cherry Willingham

    Have a look at the interactive price map I created for myself. Use it to explore 'LN3' house prices all the way down to individual property plots.

    Property price heatmap for Cherry Willingham
    House price map for Cherry Willingham

    Will LN3 house prices drop in 2025?

    House prices in LN3 grew 5.1% in the last year, 1.1% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in LN3 (Cherry Willingham) compared with the wider postcode area 'LN'.You can extrapolate from this based on your own views.

    House price index for LN3

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'LN3' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in LN3 and is set to 100 in 2004. The chart compares trends for LN3, Cherry Willingham against those of the broader postcode area 'LN'. What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire West Lindsey local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for LN3
    LN area LN3 district
    Nominal Real Nominal Real
    20 yr per annum 2.7% -0.1% 2.6% -0.2%
    20 yr total 70.4% -1.2% 66.3% -3.6%
    10 yr per annum 3.8% 0.6% 3.8% 0.6%
    10 yr total 44.8% 6.3% 44.9% 6.4%
    5 yr per annum 3.8% -0.7% 3.5% -1.0%
    5 yr total 20.3% -3.5% 18.5% -5.0%
    1 yr per annum 3.0% -0.9% 5.1% 1.1%
    1 yr total 3.0% -0.9% 5.1% 1.1%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, LN3 district have seen a -0.2% annual change when adjusted for inflation. This translates to a total change of -3.6% in real terms.
    • Over the past 5 years, LN3 district have seen a -1.0% annual change when adjusted for inflation. This translates to a total change of -5.0% in real terms.

    Most recent LN3 sales

    For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    Lady Meers Road, , LN3 4B 96 sqm £3,112 21
    Cherry Paddocks, , LN3 4G 81 sqm £2,389 17
    Hancock Drive, , LN3 5S 79 sqm £2,651 15
    Minster Drive, , LN3 4L 87 sqm £2,798 14
    Rudgard Avenue, , LN3 4J 92 sqm £2,739 13
    Wesley Road, , LN3 4G 88 sqm £2,209 12
    Laburnum Drive, , LN3 4A 90 sqm £2,623 12
    Waterford Lane, , LN3 4A 118 sqm £2,659 12

    Search for your street here.

    Nearby geographies

    The table below shows how 'LN3' compares to the other postcode districts nearby 'LN3'.

    District Lower quartile Median Upper quartile Sales in last 2yr
    LN9 Horncastle £2,020 sqm £2,450 sqm £2,770 sqm 408
    LN8 Wragby £1,930 sqm £2,410 sqm £2,880 sqm 522
    LN7 Caistor £1,880 sqm £2,160 sqm £2,450 sqm 163
    LN6 North Hykeham £2,240 sqm £2,660 sqm £2,970 sqm 1,683
    LN5 Lincoln £1,720 sqm £2,310 sqm £2,860 sqm 956
    LN4 Bracebridge Heath £2,210 sqm £2,590 sqm £2,940 sqm 1,068
    LN3 Cherry Willingham £2,160 sqm £2,600 sqm £2,960 sqm 240
    LN2 Lincoln £2,100 sqm £2,700 sqm £3,150 sqm 1,314
    LN13 Alford £1,880 sqm £2,240 sqm £2,740 sqm 158
    LN12 Sutton On Sea £1,980 sqm £2,690 sqm £3,180 sqm 458

    Raw data

    Our analysis of LN3 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

    Address Paid sqm £/sqm
    4, Heathcroft, £335,000
    Oct-2025
    		 125 2,680
    40, Cherry Paddocks, £205,500
    Oct-2025
    		 66 3,113
    18, Manor Rise, £460,000
    Sep-2025
    		 179 2,569

    See the entire list of all sales in LN3 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.