2, HOLLY CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4BH - £152,000

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 HOLLY CLOSE is a large extended detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £235,421. It was last sold for £152,000 in September 2014, which was around 19% below the average September 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

2 HOLLY CLOSE Sold Prices

Land registry data shows three sales for 2 HOLLY 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 West Lindsey local authority area for the corresponding sale date. All of the three 2 HOLLY 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 30 SEP	£152,000	£187,958	19% below HPI
2003 21 MAR	£137,000	£138,380	1% below HPI
1995 19 APR	£48,000	£62,233	23% below HPI

2 HOLLY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 2 HOLLY CLOSE sales between April 1995 and September 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 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2014 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 HOLLY CLOSE be worth now?

2 HOLLY CLOSE might now be worth an estimated £235,421.

This is based on house price inflation of 54.9%, between September 2014 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.9% inflationary increase is applied to the most recent sale price for 2 HOLLY CLOSE of £152,000 on 30th September 2014. For the value to have increased from £152,000 to £235,421 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 HOLLY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2014 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOLLY CLOSE has not materially changed since September 2014.

How Large is 2 HOLLY CLOSE?

2 HOLLY CLOSE is 104m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 2 HOLLY CLOSE lies on this distribution: 61% of detached houses houses are smaller than 2 HOLLY CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

2 HOLLY CLOSE: Plot and Title Map

2 HOLLY CLOSE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 2 HOLLY 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 HOLLY 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 HOLLY CLOSE?

2 HOLLY CLOSE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 2 on HOLLY CLOSE.