1, DRAKE STREET, LINCOLN, LN1 1PP - £211,000

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 DRAKE STREET is a very large extended semi-detached house of 149m², built sometime between 1900 and 1929. It was last sold for £211,000 in January 2023, which was around 29% below the average January 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

1 DRAKE STREET Sold Prices

Land registry data shows three sales for 1 DRAKE STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the three 1 DRAKE STREET 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
2023 16 JAN	£211,000	£299,012	29% below HPI
2012 27 SEP	£125,000	£180,126	31% below HPI
2006 6 FEB	£115,000	£172,904	33% below HPI

1 DRAKE STREET 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 three 1 DRAKE STREET sales between February 2006 and January 2023 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 September 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 DRAKE STREET?

1 DRAKE STREET is 149m², which includes three extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 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 DRAKE STREET lies on this distribution: 86% of detached houses are smaller than 1 DRAKE STREET, and 14% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 DRAKE STREET: Plot and Title Map

1 DRAKE STREET sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 1 DRAKE STREET, 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 DRAKE STREET). 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 DRAKE STREET?

1 DRAKE STREET is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 1 on DRAKE STREET.