3, ALDERGROVE CLOSE, LINCOLN, LN6 0SL - £125,000

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.

3 ALDERGROVE CLOSE is a very small semi-detached house of 41m², built sometime between 1983 and 1990, which could now be worth an estimated £163,535. It was last sold for £125,000 in September 2017, which was around 18% below the average September 2017 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

3 ALDERGROVE CLOSE Sold Prices

Land registry data shows two sales for 3 ALDERGROVE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 3 ALDERGROVE 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
2017 29 SEP	£125,000	£153,044	18% below HPI
2017 6 JUN	£97,000	£147,991	34% below HPI

3 ALDERGROVE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 3 ALDERGROVE CLOSE sales from June 2017 and September 2017 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 2017 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 3 ALDERGROVE CLOSE be worth now?

3 ALDERGROVE CLOSE might now be worth an estimated £163,535.

This is based on house price inflation of 30.8%, between September 2017 and February 2025, for semi-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 30.8% inflationary increase is applied to the most recent sale price for 3 ALDERGROVE CLOSE of £125,000 on 29th September 2017. For the value to have increased from £125,000 to £163,535 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 ALDERGROVE CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The September 2017 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ALDERGROVE CLOSE has not materially changed since September 2017.

How Large is 3 ALDERGROVE CLOSE?

3 ALDERGROVE CLOSE is 41m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 3 ALDERGROVE CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 3 ALDERGROVE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 ALDERGROVE CLOSE: Plot and Title Map

3 ALDERGROVE CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 3 ALDERGROVE 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 ALDERGROVE 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 ALDERGROVE CLOSE?

3 ALDERGROVE CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 3 on ALDERGROVE CLOSE.