2, MARRAT CLOSE, LINCOLN, LN2 4WG - £219,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MARRAT CLOSE is a large detached house of 126m², built sometime between 2003 and 2006. It was last sold for £219,000 in February 2017, which was around 1% below the average February 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

2 MARRAT CLOSE Sold Prices

Land registry data shows five sales for 2 MARRAT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Most of the five 2 MARRAT 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
2017 10 FEB	£219,000	£221,405	1% below HPI
2006 2 AUG	£189,950	£180,136	5% above HPI
2006 20 FEB	£190,000	£172,904	10% above HPI
2004 3 JUN	£193,500	£169,751	14% above HPI
2004 7 MAY	£164,995	£168,493	2% below HPI

2 MARRAT 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 five 2 MARRAT CLOSE sales between May 2004 and February 2017 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 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 MARRAT CLOSE?

2 MARRAT CLOSE is 126m² according to the EPC inspection conducted in July 2016. This puts it in the largest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 2 MARRAT CLOSE lies on this distribution: 74% of detached houses are smaller than 2 MARRAT CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 MARRAT CLOSE: Plot and Title Map

2 MARRAT CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 2 MARRAT 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 MARRAT 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 MARRAT CLOSE?

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