16, LANEY CLOSE, LINCOLN, LN2 4RN - £180,000

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.

16 LANEY CLOSE is a very small extended semi-detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £243,476. It was last sold for £180,000 in October 2016, which was around 20% above the average October 2016 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

16 LANEY CLOSE Sold Prices

Land registry data shows four sales for 16 LANEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. Most of the four 16 LANEY CLOSE sales 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
2016 31 OCT	£180,000	£149,678	20% above HPI
2006 24 MAR	£126,500	£114,168	11% above HPI
2001 29 JUN	£57,950	£51,970	12% above HPI
1996 26 APR	£32,000	£39,720	19% below HPI

16 LANEY 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 four 16 LANEY CLOSE sales between April 1996 and October 2016 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 2006 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2016 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 16 LANEY CLOSE be worth now?

16 LANEY CLOSE might now be worth an estimated £243,476.

This is based on house price inflation of 35.3%, between October 2016 and March 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 35.3% inflationary increase is applied to the most recent sale price for 16 LANEY CLOSE of £180,000 on 31st October 2016. For the value to have increased from £180,000 to £243,476 over the nine years and seven months to March 2025, the following assumptions must hold true:

• The value of 16 LANEY CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The October 2016 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LANEY CLOSE has not materially changed since October 2016.

How Large is 16 LANEY CLOSE?

16 LANEY CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in July 2016. 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 16 LANEY CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 16 LANEY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

16 LANEY CLOSE: Plot and Title Map

16 LANEY CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 16 LANEY 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 16 LANEY 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 16 LANEY CLOSE?

16 LANEY CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 16 on LANEY CLOSE.