2, FALDINGWORTH CLOSE, LINCOLN, LN6 3QE - £197,500

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.

2 FALDINGWORTH CLOSE is a large extended detached house of 123m², built sometime between 1983 and 1990, which could now be worth an estimated £291,091. It was last sold for £197,500 in February 2015, which was around 4% below the average February 2015 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 FALDINGWORTH CLOSE Sold Prices

Land registry data shows two sales for 2 FALDINGWORTH 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 2 FALDINGWORTH 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
2015 10 FEB	£197,500	£204,716	4% below HPI
2006 8 MAR	£149,950	£175,275	14% below HPI

2 FALDINGWORTH 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 2 FALDINGWORTH CLOSE sales from March 2006 and February 2015 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 FALDINGWORTH CLOSE be worth now?

2 FALDINGWORTH CLOSE might now be worth an estimated £291,091.

This is based on house price inflation of 47.4%, between February 2015 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 47.4% inflationary increase is applied to the most recent sale price for 2 FALDINGWORTH CLOSE of £197,500 on 10th February 2015. For the value to have increased from £197,500 to £291,091 over the nine years and eleven months to March 2025, the following assumptions must hold true:

• The value of 2 FALDINGWORTH CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2015 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FALDINGWORTH CLOSE has not materially changed since February 2015.

How Large is 2 FALDINGWORTH CLOSE?

2 FALDINGWORTH CLOSE is 123m², which includes two extensions, according to the EPC inspection conducted in May 2014. 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 2 FALDINGWORTH CLOSE lies on this distribution: 72% of detached houses houses are smaller than 2 FALDINGWORTH CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 FALDINGWORTH CLOSE: Plot and Title Map

2 FALDINGWORTH CLOSE sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 2 FALDINGWORTH 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 FALDINGWORTH 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 FALDINGWORTH CLOSE?

2 FALDINGWORTH CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 2 on FALDINGWORTH CLOSE.