20, MICHAELGATE, LINCOLN, LN1 3BT - £390,000

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

20 MICHAELGATE is a large extended detached house of 129m², built sometime before 1900. It was last sold for £390,000 in May 2016, which was around 81% above the average May 2016 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

20 MICHAELGATE Sold Prices

Land registry data shows three sales for 20 MICHAELGATE 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 20 MICHAELGATE 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
2016 20 MAY	£390,000	£215,983	81% above HPI
1999 15 OCT	£74,500	£71,070	5% above HPI
1996 3 JAN	£90,000	£62,528	44% above HPI

20 MICHAELGATE 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 20 MICHAELGATE sales between January 1996 and May 2016 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 October 1999 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2016 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 20 MICHAELGATE?

20 MICHAELGATE is 129m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 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 20 MICHAELGATE lies on this distribution: 76% of detached houses are smaller than 20 MICHAELGATE, and 23% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

20 MICHAELGATE: Plot and Title Map

20 MICHAELGATE sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of 20 MICHAELGATE, 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 20 MICHAELGATE). 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 20 MICHAELGATE?

20 MICHAELGATE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 20 on MICHAELGATE.