1, DURHAM CLOSE, LINCOLN, LN6 0QG - £245,000

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 DURHAM CLOSE is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £245,000 in December 2018, which was about the average December 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

1 DURHAM CLOSE Sold Prices

Land registry data shows two sales for 1 DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. One of the two 1 DURHAM CLOSE sales was roughly equal to the average price, whilst the other was 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
2018 14 DEC	£245,000	£244,925	Close to HPI
2005 4 AUG	£145,000	£178,243	19% below HPI

1 DURHAM 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 two 1 DURHAM CLOSE sales from August 2005 and December 2018 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 August 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1 DURHAM CLOSE?

1 DURHAM CLOSE is 73m² according to the EPC inspection conducted in April 2018. 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 DURHAM CLOSE lies on this distribution: 17% of detached houses are smaller than 1 DURHAM CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 DURHAM CLOSE: Plot and Title Map

1 DURHAM CLOSE sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of 1 DURHAM 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 DURHAM 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 DURHAM CLOSE?

1 DURHAM CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 1 on DURHAM CLOSE.