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Cherry Way is a residential street with 10 addresses.
It ranks as the 525th largest and 546th most expensive of the 1,271 streets in the LN11 area. The dominant property type is a modern house built after 1980.
The street contains a total of 10 properties: 10 houses.
Cherry Way is a residential street with 10 addresses.
It ranks as the 525th largest and 546th most expensive of the 1,271 streets in the LN11 area. The dominant property type is a modern house built after 1980.
The street contains a total of 10 properties: 10 houses.
Sale prices range from £201,316 for 3 bedroom freehold houses with a garden (796 ft2) to £271,738 for 3 bedroom freehold houses with a garden (1,291 ft2) .
Monthly rental prices range from £952 pcm for 3 bed houses to £1,175 pcm for 3 bed houses.
The gross rental yield is between 5.2% and 5.7%.
The average value per square foot is £253.
The last sale on Cherry Way sold for £179,950 on 19th July 2024. Since then prices are down an average of 4.2%.
The current average value in the street is £225,003.
The Cherry Way Sales Market has increased by 38.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.3% | £225,003 |
| May 2025 | -0.4% | £232,759 |
| May 2024 | -1.4% | £233,701 |
| May 2023 | 1.4% | £236,899 |
| May 2022 | 15.3% | £233,720 |
| May 2021 | 7.8% | £202,780 |
| May 2020 | 0.7% | £188,076 |
| May 2019 | 4.3% | £186,772 |
| May 2018 | 4.5% | £178,997 |
| May 2017 | 5.4% | £171,294 |
| May 2016 | 5.4% | £162,454 |
| May 2015 | 3.7% | £154,093 |
| May 2014 | 4.1% | £148,614 |
| May 2013 | -1.1% | £142,799 |
| May 2012 | -0.8% | £144,323 |
| May 2011 | -1.8% | £145,547 |
| May 2010 | 3.1% | £148,209 |
| May 2009 | -6.5% | £143,784 |
| May 2008 | -1.8% | £153,803 |
| May 2007 | 0% | £156,582 |
The current average rental value in the street is £1,030.
The Cherry Way Rental Market has increased by 46.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3% | £1,030pcm |
| May 2025 | 3.4% | £1,000pcm |
| May 2024 | 6.2% | £967pcm |
| May 2023 | 7.1% | £911pcm |
| May 2022 | 8.6% | £850pcm |
| May 2021 | 3.6% | £783pcm |
| May 2020 | 1.4% | £756pcm |
| May 2019 | 1.4% | £746pcm |
| May 2018 | 2% | £735pcm |
| May 2017 | 2.3% | £721pcm |
| May 2016 | 3.4% | £704pcm |
| May 2015 | 0.6% | £681pcm |
| May 2014 | 3.8% | £677pcm |
| May 2013 | -1.9% | £653pcm |
| May 2012 | 0.9% | £666pcm |
| May 2011 | 2.7% | £660pcm |
| May 2010 | 3.6% | £643pcm |
| May 2009 | 0.6% | £620pcm |
| May 2008 | -6.8% | £617pcm |
| May 2007 | 0% | £662pcm |
The last sale was on 19th July 2024 for £179,950 and since then the market in the area has decreased by 4.2%. The street has had a total of 10 sales since 1995.
Cherry Way, Louth, LN11 has seen 10 sales in the last three years and no sales in the last twelve months.
Cherry Way, Louth, LN11 is the 525th largest and the 546th most expensive street in the LN11 area.
There is 1 postcode on Cherry Way, Louth, LN11.
The closest station to Cherry Way, Louth, LN11 is Cleethorpes station which is 21.6 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Cherry Way, Louth, LN11, 32.0% of property is privately owned outright and 27.9% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Cherry Way, Louth, LN11, 16.7% of residents are recorded as possessing school level qualifications and 27.9% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Cherry Way, Louth, LN11, the average age was 49.7 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Cherry Way, Louth, LN11, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Cherry Way, Louth, LN11, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.