23, GARRICK CLOSE, LINCOLN, LN5 8TG - £115,000

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

23 GARRICK CLOSE is a very small detached house of 65m², built sometime between 1976 and 1982. It was last sold for £115,000 in March 2010, which was around 33% below the average March 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

23 GARRICK CLOSE Sold Prices

Land registry data shows three sales for 23 GARRICK CLOSE 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 23 GARRICK 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
2010 18 MAR	£115,000	£172,762	33% below HPI
2002 8 JUL	£84,950	£111,956	24% below HPI
1997 18 JUL	£49,500	£65,515	24% below HPI

23 GARRICK 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 three 23 GARRICK CLOSE sales between July 1997 and March 2010 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 July 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2010 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 23 GARRICK CLOSE?

23 GARRICK CLOSE is 65m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 23 GARRICK CLOSE lies on this distribution: 10% of detached houses are smaller than 23 GARRICK CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

23 GARRICK CLOSE: Plot and Title Map

23 GARRICK CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 23 GARRICK 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 23 GARRICK 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 23 GARRICK CLOSE?

23 GARRICK CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 23 on GARRICK CLOSE.