1, BANGOR CLOSE, LINCOLN, LN5 8TH - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 BANGOR CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £175,000 in December 2020, which was around 33% below the average December 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

1 BANGOR CLOSE Sold Prices

Land registry data shows four sales for 1 BANGOR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 1 BANGOR CLOSE 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
2020 18 DEC	£175,000	£261,565	33% below HPI
2013 17 DEC	£135,000	£189,073	29% below HPI
2007 7 SEP	£145,000	£194,462	25% below HPI
2002 12 JUL	£81,000	£111,956	28% below HPI

1 BANGOR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The four 1 BANGOR CLOSE sales between July 2002 and December 2020 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 December 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2020 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 1 BANGOR CLOSE?

1 BANGOR CLOSE is 72m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 1 BANGOR CLOSE lies on this distribution: 16% of detached houses are smaller than 1 BANGOR CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 BANGOR CLOSE: Plot and Title Map

1 BANGOR CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 1 BANGOR CLOSE, 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 1 BANGOR CLOSE). 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 1 BANGOR CLOSE?

1 BANGOR CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 1 on BANGOR CLOSE.