1A, COLERAINE CLOSE, LINCOLN, LN5 8TE - £97,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A COLERAINE CLOSE is a very small extended detached house of 57m², built sometime between 1996 and 2002. It was last sold for £97,000 in October 2014, which was around 52% below the average October 2014 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

1A COLERAINE CLOSE Sold Prices

Land registry data shows two sales for 1A COLERAINE 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 1A COLERAINE 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 31 OCT	£97,000	£203,738	52% below HPI
2004 19 MAR	£60,000	£162,408	63% below HPI

1A COLERAINE 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 1A COLERAINE CLOSE sales from March 2004 and October 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 March 2004 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the October 2014 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 1A COLERAINE CLOSE?

1A COLERAINE CLOSE is 57m², which includes two extensions, according to the EPC inspection conducted in April 2024. 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 1A COLERAINE CLOSE lies on this distribution: 4% of detached houses are smaller than 1A COLERAINE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1A COLERAINE CLOSE: Plot and Title Map

1A COLERAINE CLOSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 1A COLERAINE 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 1A COLERAINE 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 1A COLERAINE CLOSE?

1A COLERAINE CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 1A on COLERAINE CLOSE.