2, FLAXLEY ROAD, LINCOLN, LN2 4GL - £194,000

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.

2 FLAXLEY ROAD is a midsized semi-detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £235,493. It was last sold for £194,000 in March 2019, which was around 16% above the average March 2019 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

2 FLAXLEY ROAD Sold Prices

Land registry data shows two sales for 2 FLAXLEY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 2 FLAXLEY ROAD 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
2019 29 MAR	£194,000	£166,788	16% above HPI
2006 15 SEP	£159,000	£120,956	31% above HPI

2 FLAXLEY ROAD 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 two 2 FLAXLEY ROAD sales from September 2006 and March 2019 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 September 2006 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the March 2019 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 FLAXLEY ROAD be worth now?

2 FLAXLEY ROAD might now be worth an estimated £235,493.

This is based on house price inflation of 21.4%, between March 2019 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 21.4% inflationary increase is applied to the most recent sale price for 2 FLAXLEY ROAD of £194,000 on 29th March 2019. For the value to have increased from £194,000 to £235,493 over the six years to March 2025, the following assumptions must hold true:

• The value of 2 FLAXLEY ROAD has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The March 2019 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FLAXLEY ROAD has not materially changed since March 2019.

How Large is 2 FLAXLEY ROAD?

2 FLAXLEY ROAD is 102m² according to the EPC inspection conducted in December 2018. This puts it in the largest 50% 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 2 FLAXLEY ROAD lies on this distribution: 52% of semi-detached houses houses are smaller than 2 FLAXLEY ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 FLAXLEY ROAD: Plot and Title Map

2 FLAXLEY ROAD sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 2 FLAXLEY ROAD, 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 FLAXLEY ROAD). 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 FLAXLEY ROAD?

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