3, AZALEA ROAD, LINCOLN, LN2 4UB - £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

3 AZALEA ROAD is a midsized detached house of 93m², built sometime between 1996 and 2002. It was last sold for £155,000 in February 2011, which was around 11% below the average February 2011 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

3 AZALEA ROAD Sold Prices

Land registry data shows three sales for 3 AZALEA ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. One of the three 3 AZALEA ROAD sales was for below the average price, whilst two were for above 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
2011 14 FEB	£155,000	£174,389	11% below HPI
1997 17 SEP	£79,950	£65,947	21% above HPI
1996 23 JUL	£71,950	£62,373	15% above HPI

3 AZALEA ROAD 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 three 3 AZALEA ROAD sales between July 1996 and February 2011 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 1997 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the February 2011 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 AZALEA ROAD?

3 AZALEA ROAD is 93m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 50% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 3 AZALEA ROAD lies on this distribution: 42% of detached houses are smaller than 3 AZALEA ROAD, and 58% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 AZALEA ROAD: Plot and Title Map

3 AZALEA ROAD sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 3 AZALEA ROAD, 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 AZALEA ROAD). 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 AZALEA ROAD?

3 AZALEA ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 3 on AZALEA ROAD.