12, ALBION CLOSE, LINCOLN, LN1 1ED - £280,000

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

12 ALBION CLOSE is a midsized detached house of 97m², built sometime between 1967 and 1975. It was last sold for £280,000 in October 2020, which was around 10% above the average October 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

12 ALBION CLOSE Sold Prices

Land registry data shows three sales for 12 ALBION 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. One of the three 12 ALBION CLOSE sales was for above the average price, whilst two 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
2020 28 OCT	£280,000	£254,211	10% above HPI
2017 12 JAN	£200,000	£222,289	10% below HPI
2013 4 SEP	£150,000	£189,660	21% below HPI

12 ALBION 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 12 ALBION CLOSE sales between September 2013 and October 2020 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 January 2017 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2020 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 12 ALBION CLOSE?

12 ALBION CLOSE is 97m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 12 ALBION CLOSE lies on this distribution: 45% of detached houses are smaller than 12 ALBION CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

12 ALBION CLOSE: Plot and Title Map

12 ALBION CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 12 ALBION 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 12 ALBION 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 12 ALBION CLOSE?

12 ALBION CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 12 on ALBION CLOSE.