13, LURGAN CLOSE, LINCOLN, LN5 8SZ - £118,000

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

13 LURGAN CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975. It was last sold for £118,000 in May 2014, which was around 41% below the average May 2014 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

13 LURGAN CLOSE Sold Prices

Land registry data shows two sales for 13 LURGAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 13 LURGAN 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
2014 16 MAY	£118,000	£199,956	41% below HPI
2001 9 JUL	£48,500	£86,596	44% below HPI

13 LURGAN 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 two 13 LURGAN CLOSE sales from July 2001 and May 2014 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 July 2001 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the May 2014 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 13 LURGAN CLOSE?

13 LURGAN CLOSE is 62m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 13 LURGAN CLOSE lies on this distribution: 7% of detached houses are smaller than 13 LURGAN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

13 LURGAN CLOSE: Plot and Title Map

13 LURGAN CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 13 LURGAN 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 13 LURGAN 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 13 LURGAN CLOSE?

13 LURGAN CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 13 on LURGAN CLOSE.