26, THE MEAD, LINCOLN, LN6 7JZ - £198,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

26 THE MEAD is a midsized extended detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £253,366. It was last sold for £198,000 in June 2018, which was around 18% below the average June 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

26 THE MEAD Sold Prices

Land registry data shows two sales for 26 THE MEAD 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 26 THE MEAD 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 8 JUN	£198,000	£240,368	18% below HPI
2012 29 JUN	£135,000	£176,174	23% below HPI

26 THE MEAD 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 26 THE MEAD sales from June 2012 and June 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 June 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 26 THE MEAD be worth now?

26 THE MEAD might now be worth an estimated £253,366.

This is based on house price inflation of 28%, between June 2018 and June 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for 26 THE MEAD of £198,000 on 8th June 2018. For the value to have increased from £198,000 to £253,366 over the seven years to June 2025, the following assumptions must hold true:

• The value of 26 THE MEAD has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The June 2018 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 26 THE MEAD has not materially changed since June 2018.

How Large is 26 THE MEAD?

26 THE MEAD is 108m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the largest 50% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 26 THE MEAD lies on this distribution: 59% of detached houses houses are smaller than 26 THE MEAD, and 41% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

26 THE MEAD: Plot and Title Map

26 THE MEAD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 26 THE MEAD, 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 26 THE MEAD). 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 26 THE MEAD?

26 THE MEAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 26 on THE MEAD.