2, PARKSGATE AVENUE, LINCOLN, LN6 7HP - £250,000

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 PARKSGATE AVENUE is a small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £250,000 in December 2022, which was around 19% below the average December 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

2 PARKSGATE AVENUE Sold Prices

Land registry data shows three sales for 2 PARKSGATE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the three 2 PARKSGATE AVENUE 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
2022 16 DEC	£250,000	£306,888	19% below HPI
2019 4 JAN	£185,000	£245,246	25% below HPI
2012 15 FEB	£130,000	£178,999	27% below HPI

2 PARKSGATE AVENUE 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 three 2 PARKSGATE AVENUE sales between February 2012 and December 2022 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 January 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 PARKSGATE AVENUE?

2 PARKSGATE AVENUE is 79m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 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 PARKSGATE AVENUE lies on this distribution: 24% of detached houses are smaller than 2 PARKSGATE AVENUE, and 75% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 PARKSGATE AVENUE: Plot and Title Map

2 PARKSGATE AVENUE sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 2 PARKSGATE AVENUE, 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 PARKSGATE AVENUE). 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 PARKSGATE AVENUE?

2 PARKSGATE AVENUE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 2 on PARKSGATE AVENUE.