2, MEADOW CLOSE, SCOTHERN, LINCOLN, LN2 2UN - £197,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MEADOW CLOSE is a very small extended detached house of 90m², built sometime between 1976 and 1982. It was last sold for £197,000 in February 2024, which was around 28% below the average February 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

2 MEADOW CLOSE Sold Prices

Land registry data shows five sales for 2 MEADOW 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 West Lindsey local authority area for the corresponding sale date. Most of the five 2 MEADOW 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 FEB	£197,000	£272,741	28% below HPI
2009 27 AUG	£159,950	£178,161	10% below HPI
2007 9 FEB	£155,000	£184,431	16% below HPI
2005 28 OCT	£180,000	£174,329	3% above HPI
1998 30 OCT	£63,000	£70,150	10% below HPI

2 MEADOW 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 five 2 MEADOW CLOSE sales between October 1998 and February 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 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 MEADOW CLOSE?

2 MEADOW CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where 2 MEADOW CLOSE lies on this distribution: 7% of detached houses are smaller than 2 MEADOW CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Scothern.

2 MEADOW CLOSE: Plot and Title Map

2 MEADOW CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 2 MEADOW 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 MEADOW 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 MEADOW CLOSE?

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