3, ALDER CLOSE, NORTH HYKEHAM, LINCOLN, LN6 8LU - £179,000

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

3 ALDER CLOSE is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £179,000 in September 2016, which was around 20% below the average September 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

3 ALDER CLOSE Sold Prices

Land registry data shows four sales for 3 ALDER 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 North Kesteven local authority area for the corresponding sale date. All of the four 3 ALDER 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
2016 1 SEP	£179,000	£224,152	20% below HPI
2006 18 AUG	£166,000	£185,763	11% below HPI
2006 27 MAR	£139,000	£173,728	20% below HPI
2001 29 JUN	£77,000	£84,634	9% below HPI

3 ALDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 3 ALDER CLOSE sales between June 2001 and September 2016 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 August 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2016 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 ALDER CLOSE?

3 ALDER CLOSE is 85m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 3 ALDER CLOSE lies on this distribution: 28% of detached houses are smaller than 3 ALDER CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

3 ALDER CLOSE: Plot and Title Map

3 ALDER CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 3 ALDER 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 ALDER 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 ALDER CLOSE?

3 ALDER CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 3 on ALDER CLOSE.