1, FLAXLEY CLOSE, LINCOLN, LN2 4GJ - £240,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FLAXLEY CLOSE is a small detached house of 90m², built sometime between 2003 and 2006. It was last sold for £240,000 in April 2022, which was around 19% below the average April 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

1 FLAXLEY CLOSE Sold Prices

Land registry data shows five sales for 1 FLAXLEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the five 1 FLAXLEY 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
2022 29 APR	£240,000	£294,905	19% below HPI
2021 23 FEB	£228,000	£262,076	13% below HPI
2011 9 MAY	£147,000	£175,519	16% below HPI
2009 16 JUL	£160,000	£167,124	4% below HPI
2004 9 NOV	£158,000	£175,234	10% below HPI

1 FLAXLEY 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 five 1 FLAXLEY CLOSE sales between November 2004 and April 2022 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 February 2021 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 FLAXLEY CLOSE?

1 FLAXLEY CLOSE is 90m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% 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 FLAXLEY CLOSE lies on this distribution: 38% of detached houses are smaller than 1 FLAXLEY CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 FLAXLEY CLOSE: Plot and Title Map

1 FLAXLEY CLOSE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 1 FLAXLEY 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 FLAXLEY 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 FLAXLEY CLOSE?

1 FLAXLEY CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 1 on FLAXLEY CLOSE.