2, PALMER ROAD, LINCOLN, LN2 1BH - £425,000

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 PALMER ROAD is a very large detached house of 207m², built sometime from 2007 onwards, which could now be worth an estimated £633,054. It was last sold for £425,000 in March 2015, which was around 106% above the average March 2015 detached price in the Lincoln 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 PALMER ROAD Sold Prices

Land registry data shows two sales for 2 PALMER ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 2 PALMER ROAD 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
2015 18 MAR	£425,000	£206,494	106% above HPI
2009 26 JUN	£421,995	£168,849	150% above HPI

2 PALMER ROAD 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 two 2 PALMER ROAD sales from June 2009 and March 2015 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 June 2009 sale was for 150% above the HPI. So the extrapolation line tracks at 150% above the HPI over time, until the March 2015 sale, where it falls to 106% above the HPI. The line then continues to track at 106% above the HPI.

What might 2 PALMER ROAD be worth now?

2 PALMER ROAD might now be worth an estimated £633,054.

This is based on house price inflation of 49%, between March 2015 and June 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49% inflationary increase is applied to the most recent sale price for 2 PALMER ROAD of £425,000 on 18th March 2015. For the value to have increased from £425,000 to £633,054 over the nine years and nine months to June 2025, the following assumptions must hold true:

• The value of 2 PALMER ROAD has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The March 2015 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PALMER ROAD has not materially changed since March 2015.

How Large is 2 PALMER ROAD?

2 PALMER ROAD is 207m² according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 2 PALMER ROAD lies on this distribution: 96% of detached houses houses are smaller than 2 PALMER ROAD, and 4% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 PALMER ROAD: Plot and Title Map

2 PALMER ROAD sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 2 PALMER ROAD, 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 PALMER ROAD). 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 PALMER ROAD?

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