3, ALBION CLOSE, LINCOLN, LN1 1ED - £134,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 ALBION CLOSE is a large extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £134,950 in June 2009, which was around 20% below the average June 2009 detached price in the Lincoln local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

3 ALBION CLOSE Sold Prices

Land registry data shows two sales for 3 ALBION 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 3 ALBION 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
2009 30 JUN	£134,950	£168,849	20% below HPI
2002 10 MAY	£94,500	£106,431	11% below HPI

3 ALBION 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 3 ALBION CLOSE sales from May 2002 and June 2009 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 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2009 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 ALBION CLOSE be worth now?

3 ALBION CLOSE might now be worth an estimated £241,428.

This is based on house price inflation of 78.9%, between June 2009 and December 2024, 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 78.9% inflationary increase is applied to the most recent sale price for 3 ALBION CLOSE of £134,950 on 30th June 2009. For the value to have increased from £134,950 to £241,428 over the fourteen years and six months to December 2024, the following assumptions must hold true:

• The value of 3 ALBION CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The June 2009 sale price of £134,950 represented a fair market value for the property.
• The size, condition, and specification of 3 ALBION CLOSE has not materially changed since June 2009.

How Large is 3 ALBION CLOSE?

3 ALBION CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the largest 40% 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 3 ALBION CLOSE lies on this distribution: 66% of detached houses houses are smaller than 3 ALBION CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 ALBION CLOSE: Plot and Title Map

3 ALBION CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 3 ALBION 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 3 ALBION 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 3 ALBION CLOSE?

3 ALBION CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 3 on ALBION CLOSE.