2, BURNESIDE CLOSE, LINCOLN, LN2 4XA - £255,000

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

2 BURNESIDE CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £255,000 in August 2023, which was around 15% below the average August 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

2 BURNESIDE CLOSE Sold Prices

Land registry data shows three sales for 2 BURNESIDE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the three 2 BURNESIDE 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
2023 4 AUG	£255,000	£300,749	15% below HPI
2016 15 JUN	£190,000	£216,245	12% below HPI
2000 17 NOV	£74,750	£80,339	7% below HPI

2 BURNESIDE 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 three 2 BURNESIDE CLOSE sales between November 2000 and August 2023 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 June 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 BURNESIDE CLOSE?

2 BURNESIDE CLOSE is 67m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 2 BURNESIDE CLOSE lies on this distribution: 11% of detached houses are smaller than 2 BURNESIDE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 BURNESIDE CLOSE: Plot and Title Map

2 BURNESIDE CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 2 BURNESIDE 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 2 BURNESIDE 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 2 BURNESIDE CLOSE?

2 BURNESIDE CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 2 on BURNESIDE CLOSE.