1, SPRINGFIELD CLOSE, LINCOLN, LN1 3ET - £299,950

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 SPRINGFIELD CLOSE is a midsized extended detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £361,661. It was last sold for £299,950 in November 2019, which was around 20% above the average November 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

1 SPRINGFIELD CLOSE Sold Prices

Land registry data shows three sales for 1 SPRINGFIELD CLOSE 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. Two of the three 1 SPRINGFIELD CLOSE sales were for above the average price, whilst one 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
2019 4 NOV	£299,950	£249,277	20% above HPI
2017 30 NOV	£255,000	£235,217	8% above HPI
1999 21 JUL	£68,000	£71,730	5% below HPI

1 SPRINGFIELD 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 three 1 SPRINGFIELD CLOSE sales between July 1999 and November 2019 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 November 2017 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2019 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 1 SPRINGFIELD CLOSE be worth now?

1 SPRINGFIELD CLOSE might now be worth an estimated £361,661.

This is based on house price inflation of 20.6%, between November 2019 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 20.6% inflationary increase is applied to the most recent sale price for 1 SPRINGFIELD CLOSE of £299,950 on 4th November 2019. For the value to have increased from £299,950 to £361,661 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The November 2019 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGFIELD CLOSE has not materially changed since November 2019.

How Large is 1 SPRINGFIELD CLOSE?

1 SPRINGFIELD CLOSE is 99m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% 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 SPRINGFIELD CLOSE lies on this distribution: 48% of detached houses houses are smaller than 1 SPRINGFIELD CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 SPRINGFIELD CLOSE: Plot and Title Map

1 SPRINGFIELD CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 1 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD CLOSE?

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