2, VERDUN CLOSE, LINCOLN, LN1 3XF - £170,000

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 VERDUN CLOSE is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £170,000 in August 2018, which was around 29% below the average August 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

2 VERDUN CLOSE Sold Prices

Land registry data shows two sales for 2 VERDUN CLOSE 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 VERDUN 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
2018 31 AUG	£170,000	£239,194	29% below HPI
1998 9 SEP	£54,000	£67,435	20% below HPI

2 VERDUN 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 two 2 VERDUN CLOSE sales from September 1998 and August 2018 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 September 1998 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 VERDUN CLOSE?

2 VERDUN CLOSE is 60m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% 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 VERDUN CLOSE lies on this distribution: 6% of detached houses are smaller than 2 VERDUN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 VERDUN CLOSE: Plot and Title Map

2 VERDUN CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 2 VERDUN 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 VERDUN 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 VERDUN CLOSE?

2 VERDUN CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 2 on VERDUN CLOSE.