1, ORCHARD CLOSE, SCOTHERN, LINCOLN, LN2 2XB - £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 ORCHARD CLOSE is a very small extended detached house of 96m², built sometime between 1983 and 1990. It was last sold for £245,000 in May 2022, which was around 10% below the average May 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

1 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 1 ORCHARD 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 West Lindsey local authority area for the corresponding sale date. Both of the two 1 ORCHARD 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 20 MAY	£245,000	£272,750	10% below HPI
1997 7 FEB	£59,500	£64,228	7% below HPI

1 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 1 ORCHARD CLOSE sales from February 1997 and May 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 1997 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 ORCHARD CLOSE?

1 ORCHARD CLOSE is 96m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where 1 ORCHARD CLOSE lies on this distribution: 11% of detached houses are smaller than 1 ORCHARD CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Scothern.

1 ORCHARD CLOSE: Plot and Title Map

1 ORCHARD CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 1 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

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