24, GERALDS CLOSE, LINCOLN, LN2 4AL - £525,000

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

24 GERALDS CLOSE is a very large extended detached house of 492m², built sometime between 1967 and 1975. It was last sold for £525,000 in December 2020, which was around 101% above the average December 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was C.

24 GERALDS CLOSE Sold Prices

Land registry data shows two sales for 24 GERALDS 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 24 GERALDS CLOSE 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
2020 11 DEC	£525,000	£261,565	101% above HPI
2020 7 SEP	£499,990	£247,788	102% above HPI

24 GERALDS 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 24 GERALDS CLOSE sales from September 2020 and December 2020 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 2020 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the December 2020 sale, where it falls to 101% above the HPI. The line then continues to track at 101% above the HPI.

How Large is 24 GERALDS CLOSE?

24 GERALDS CLOSE is 492m², which includes four extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 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 24 GERALDS CLOSE lies on this distribution: More than 99% of detached houses are smaller than 24 GERALDS CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

24 GERALDS CLOSE: Plot and Title Map

24 GERALDS CLOSE sits on a plot of roughly 0.373 of an acre, or 1,508m². The below map shows the location of 24 GERALDS 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 24 GERALDS 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 24 GERALDS CLOSE?

24 GERALDS CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 24 on GERALDS CLOSE.