2B, SPA STREET, LINCOLN, LN2 5NQ - £155,000

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

2B SPA STREET is a small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £155,000 in March 2021, which was around 41% below the average March 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

2B SPA STREET Sold Prices

Land registry data shows two sales for 2B SPA STREET 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 2B SPA STREET 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
2021 26 MAR	£155,000	£263,492	41% below HPI
2007 3 SEP	£105,000	£194,462	46% below HPI

2B SPA STREET 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 2B SPA STREET sales from September 2007 and March 2021 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 2007 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the March 2021 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 2B SPA STREET?

2B SPA STREET is 87m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 2B SPA STREET lies on this distribution: 34% of detached houses are smaller than 2B SPA STREET, and 65% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2B SPA STREET: Plot and Title Map

2B SPA STREET sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 2B SPA STREET, 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 2B SPA STREET). 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 2B SPA STREET?

2B SPA STREET is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 2B on SPA STREET.