2, THE OVAL, LINCOLN, LN2 4EX - £177,500

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 THE OVAL is a very small semi-detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £179,662. It was last sold for £177,500 in September 2023, which was around 11% below the average September 2023 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

2 THE OVAL Sold Prices

Land registry data shows four sales for 2 THE OVAL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. All of the four 2 THE OVAL 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
2023 29 SEP	£177,500	£199,066	11% below HPI
2021 30 APR	£132,500	£178,753	26% below HPI
2010 28 MAY	£72,000	£116,292	38% below HPI
2006 31 JAN	£65,000	£117,014	44% below HPI

2 THE OVAL Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The four 2 THE OVAL sales between January 2006 and September 2023 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 April 2021 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 THE OVAL be worth now?

2 THE OVAL might now be worth an estimated £179,662.

This is based on house price inflation of 1.2%, between September 2023 and December 2024, for semi-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 1.2% inflationary increase is applied to the most recent sale price for 2 THE OVAL of £177,500 on 29th September 2023. For the value to have increased from £177,500 to £179,662 over the nine months to December 2024, the following assumptions must hold true:

• The value of 2 THE OVAL has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The September 2023 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OVAL has not materially changed since September 2023.

How Large is 2 THE OVAL?

2 THE OVAL is 75m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 2 THE OVAL lies on this distribution: 19% of semi-detached houses houses are smaller than 2 THE OVAL, and 80% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 THE OVAL: Plot and Title Map

2 THE OVAL sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 2 THE OVAL, 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 THE OVAL). 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 THE OVAL?

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