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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 BANGOR CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £198,576. It was last sold for £175,000 in December 2020, which was around 34% 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	£264,879	34% below HPI
2013 17 DEC	£135,000	£191,468	29% below HPI
2007 7 SEP	£145,000	£196,925	26% below HPI
2002 12 JUL	£81,000	£113,375	29% 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 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 1 BANGOR CLOSE be worth now?

1 BANGOR CLOSE might now be worth an estimated £198,576.

This is based on house price inflation of 13.5%, between December 2020 and February 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.5% inflationary increase is applied to the most recent sale price for 1 BANGOR CLOSE of £175,000 on 18th December 2020. For the value to have increased from £175,000 to £198,576 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 BANGOR CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The December 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BANGOR CLOSE has not materially changed since December 2020.

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 houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 1 BANGOR CLOSE lies on this distribution: 16% of detached houses 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.