2, JESSOP CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4PP - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 JESSOP CLOSE is a small extended detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £307,080. It was last sold for £295,000 in June 2024, which was around 8% above the average June 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

2 JESSOP CLOSE Sold Prices

Land registry data shows four sales for 2 JESSOP CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the four 2 JESSOP 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
2024 12 JUN	£295,000	£273,711	8% above HPI
2021 12 AUG	£197,500	£259,307	24% below HPI
2013 27 MAR	£148,950	£178,693	17% below HPI
1996 9 AUG	£51,950	£63,055	18% below HPI

2 JESSOP 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 four 2 JESSOP CLOSE sales between August 1996 and June 2024 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 August 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2024 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 JESSOP CLOSE be worth now?

2 JESSOP CLOSE might now be worth an estimated £307,080.

This is based on house price inflation of 4.1%, between June 2024 and December 2024, 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 4.1% inflationary increase is applied to the most recent sale price for 2 JESSOP CLOSE of £295,000 on 12th June 2024. For the value to have increased from £295,000 to £307,080 over the six months to December 2024, the following assumptions must hold true:

• The value of 2 JESSOP CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2024 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 JESSOP CLOSE has not materially changed since June 2024.

How Large is 2 JESSOP CLOSE?

2 JESSOP CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 30% 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 JESSOP CLOSE lies on this distribution: 28% of detached houses houses are smaller than 2 JESSOP CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

2 JESSOP CLOSE: Plot and Title Map

2 JESSOP CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 2 JESSOP 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 JESSOP 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 JESSOP CLOSE?

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