12, LAING CLOSE, BARDNEY, LINCOLN, LN3 5XS - £212,500

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.

12 LAING CLOSE is a very small detached house of 64m², built sometime between 1991 and 1995, which could now be worth an estimated £262,108. It was last sold for £212,500 in September 2020, which was around 10% below the average September 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

12 LAING CLOSE Sold Prices

Land registry data shows three sales for 12 LAING 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 West Lindsey local authority area for the corresponding sale date. All of the three 12 LAING 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
2020 8 SEP	£212,500	£236,016	10% below HPI
2019 29 NOV	£165,000	£230,585	28% below HPI
2000 28 SEP	£59,950	£78,198	23% below HPI

12 LAING 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 three 12 LAING CLOSE sales between September 2000 and September 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 November 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 12 LAING CLOSE be worth now?

12 LAING CLOSE might now be worth an estimated £262,108.

This is based on house price inflation of 23.3%, between September 2020 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.3% inflationary increase is applied to the most recent sale price for 12 LAING CLOSE of £212,500 on 8th September 2020. For the value to have increased from £212,500 to £262,108 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 LAING CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2020 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 12 LAING CLOSE has not materially changed since September 2020.

How Large is 12 LAING CLOSE?

12 LAING CLOSE is 64m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Bardney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bardney, and where 12 LAING CLOSE lies on this distribution: 7% of detached houses houses are smaller than 12 LAING CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Bardney.

12 LAING CLOSE: Plot and Title Map

12 LAING CLOSE sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 12 LAING 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 LAING 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 LAING CLOSE?

12 LAING CLOSE is located in BARDNEY, in the LN3 postcode district. The below map shows the position of No. 12 on LAING CLOSE.