12, NEILE CLOSE, LINCOLN, LN2 4RT - £152,500

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 NEILE CLOSE is a very small extended semi-detached house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £186,404. It was last sold for £152,500 in September 2019, which was around 7% below the average September 2019 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

12 NEILE CLOSE Sold Prices

Land registry data shows three sales for 12 NEILE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. One of the three 12 NEILE CLOSE sales was for below the average price, whilst two were for above 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 27 SEP	£152,500	£163,807	7% below HPI
2005 16 MAR	£114,000	£112,891	1% above HPI
1995 29 SEP	£41,000	£38,360	7% above HPI

12 NEILE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The three 12 NEILE CLOSE sales between September 1995 and September 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 March 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2019 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 12 NEILE CLOSE be worth now?

12 NEILE CLOSE might now be worth an estimated £186,404.

This is based on house price inflation of 22.2%, between September 2019 and February 2025, for semi-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 22.2% inflationary increase is applied to the most recent sale price for 12 NEILE CLOSE of £152,500 on 27th September 2019. For the value to have increased from £152,500 to £186,404 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 NEILE CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The September 2019 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 12 NEILE CLOSE has not materially changed since September 2019.

How Large is 12 NEILE CLOSE?

12 NEILE CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 12 NEILE CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 12 NEILE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

12 NEILE CLOSE: Plot and Title Map

12 NEILE CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 12 NEILE 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 NEILE 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 NEILE CLOSE?

12 NEILE CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 12 on NEILE CLOSE.