12, THE MEAD, LINCOLN, LN6 7JZ - £170,000

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 THE MEAD is a small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £170,000 in July 2019, which was around 32% below the average July 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

12 THE MEAD Sold Prices

Land registry data shows three sales for 12 THE MEAD 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. All of the three 12 THE MEAD 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
2019 31 JUL	£170,000	£250,476	32% below HPI
2005 16 DEC	£123,000	£177,641	31% below HPI
2004 30 MAR	£116,500	£162,408	28% below HPI

12 THE MEAD 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 THE MEAD sales between March 2004 and July 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 December 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2019 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 THE MEAD?

12 THE MEAD is 76m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% 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 THE MEAD lies on this distribution: 20% of detached houses are smaller than 12 THE MEAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

12 THE MEAD: Plot and Title Map

12 THE MEAD sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 12 THE MEAD, 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 THE MEAD). 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 THE MEAD?

12 THE MEAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 12 on THE MEAD.