25, CARRAL CLOSE, LINCOLN, LN5 9BD - £250,000

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

25 CARRAL CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £250,000 in January 2024, which was around 10% below the average January 2024 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

25 CARRAL CLOSE Sold Prices

Land registry data shows four sales for 25 CARRAL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 25 CARRAL 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
2024 19 JAN	£250,000	£279,109	10% below HPI
2020 27 MAY	£230,000	£252,138	9% below HPI
2018 14 NOV	£163,500	£246,964	34% below HPI
2004 16 JUN	£117,000	£169,751	31% below HPI

25 CARRAL 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 four 25 CARRAL CLOSE sales between June 2004 and January 2024 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 May 2020 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 25 CARRAL CLOSE?

25 CARRAL CLOSE is 65m² according to the EPC inspection conducted in September 2014. 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 25 CARRAL CLOSE lies on this distribution: 9% of detached houses are smaller than 25 CARRAL CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

25 CARRAL CLOSE: Plot and Title Map

25 CARRAL CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 25 CARRAL 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 25 CARRAL 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 25 CARRAL CLOSE?

25 CARRAL CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 25 on CARRAL CLOSE.