2, LECHLER CLOSE, NETTLEHAM, LINCOLN, LN2 2XY - £234,000

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 LECHLER CLOSE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £358,031. It was last sold for £234,000 in October 2014, which was around 26% above the average October 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 LECHLER CLOSE Sold Prices

Land registry data shows two sales for 2 LECHLER 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 West Lindsey local authority area for the corresponding sale date. Both of the two 2 LECHLER CLOSE 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
2014 24 OCT	£234,000	£186,216	26% above HPI
1997 1 SEP	£72,000	£70,507	2% above HPI

2 LECHLER 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 two 2 LECHLER CLOSE sales from September 1997 and October 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 September 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2014 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 2 LECHLER CLOSE be worth now?

2 LECHLER CLOSE might now be worth an estimated £358,031.

This is based on house price inflation of 53%, between October 2014 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 53% inflationary increase is applied to the most recent sale price for 2 LECHLER CLOSE of £234,000 on 24th October 2014. For the value to have increased from £234,000 to £358,031 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 LECHLER CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2014 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LECHLER CLOSE has not materially changed since October 2014.

How Large is 2 LECHLER CLOSE?

2 LECHLER CLOSE is 83m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses houses in Nettleham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettleham, and where 2 LECHLER CLOSE lies on this distribution: 18% of detached houses houses are smaller than 2 LECHLER CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Nettleham.

2 LECHLER CLOSE: Plot and Title Map

2 LECHLER CLOSE sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 2 LECHLER 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 LECHLER 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 LECHLER CLOSE?

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