15, GRESLEY DRIVE, LINCOLN, LN6 7EJ - £163,000

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.

15 GRESLEY DRIVE is a very small extended semi-detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £182,580. It was last sold for £163,000 in April 2021, which was around 9% below the average April 2021 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

15 GRESLEY DRIVE Sold Prices

Land registry data shows six sales for 15 GRESLEY DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. three of the six 15 GRESLEY DRIVE sales were for below the average price, and six 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
2021 8 APR	£163,000	£178,753	9% below HPI
2006 30 MAY	£122,500	£119,124	3% above HPI
2006 6 JAN	£116,000	£117,014	1% below HPI
2002 31 MAY	£16,920	£63,784	73% below HPI
2000 18 SEP	£55,000	£47,681	15% above HPI
1997 7 NOV	£49,950	£39,830	25% above HPI

15 GRESLEY DRIVE 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 six 15 GRESLEY DRIVE sales between November 1997 and April 2021 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 May 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 GRESLEY DRIVE be worth now?

15 GRESLEY DRIVE might now be worth an estimated £182,580.

This is based on house price inflation of 12%, between April 2021 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 12% inflationary increase is applied to the most recent sale price for 15 GRESLEY DRIVE of £163,000 on 8th April 2021. For the value to have increased from £163,000 to £182,580 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 15 GRESLEY DRIVE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The April 2021 sale price of £163,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GRESLEY DRIVE has not materially changed since April 2021.

How Large is 15 GRESLEY DRIVE?

15 GRESLEY DRIVE is 71m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 15 GRESLEY DRIVE lies on this distribution: 15% of semi-detached houses houses are smaller than 15 GRESLEY DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

15 GRESLEY DRIVE: Plot and Title Map

15 GRESLEY DRIVE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 15 GRESLEY DRIVE, 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 15 GRESLEY DRIVE). 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 15 GRESLEY DRIVE?

15 GRESLEY DRIVE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 15 on GRESLEY DRIVE.