18, CHESTNUT STREET, LINCOLN, LN1 3HB - £246,000

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.

18 CHESTNUT STREET is a large extended detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £292,996. It was last sold for £246,000 in March 2020, which was around 3% below the average March 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

18 CHESTNUT STREET Sold Prices

Land registry data shows two sales for 18 CHESTNUT STREET 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. One of the two 18 CHESTNUT STREET sales was for below the average price, whilst the other was 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
2020 20 MAR	£246,000	£253,330	3% below HPI
2008 20 MAR	£210,000	£197,299	6% above HPI

18 CHESTNUT STREET 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 18 CHESTNUT STREET sales from March 2008 and March 2020 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 2008 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 18 CHESTNUT STREET be worth now?

18 CHESTNUT STREET might now be worth an estimated £292,996.

This is based on house price inflation of 19.1%, between March 2020 and March 2025, for 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 19.1% inflationary increase is applied to the most recent sale price for 18 CHESTNUT STREET of £246,000 on 20th March 2020. For the value to have increased from £246,000 to £292,996 over the five years to March 2025, the following assumptions must hold true:

• The value of 18 CHESTNUT STREET has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The March 2020 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 18 CHESTNUT STREET has not materially changed since March 2020.

How Large is 18 CHESTNUT STREET?

18 CHESTNUT STREET is 123m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the largest 30% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 18 CHESTNUT STREET lies on this distribution: 72% of detached houses houses are smaller than 18 CHESTNUT STREET, and 28% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

18 CHESTNUT STREET: Plot and Title Map

18 CHESTNUT STREET sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 18 CHESTNUT STREET, 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 18 CHESTNUT STREET). 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 18 CHESTNUT STREET?

18 CHESTNUT STREET is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 18 on CHESTNUT STREET.