3, AZALEA ROAD, LINCOLN, LN2 4UB - £155,000

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 AZALEA ROAD is a midsized detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £264,825. It was last sold for £155,000 in February 2011, which was around 12% 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	£176,598	12% below HPI
1997 17 SEP	£79,950	£66,782	20% above HPI
1996 23 JUL	£71,950	£63,164	14% 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 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2011 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 AZALEA ROAD be worth now?

3 AZALEA ROAD might now be worth an estimated £264,825.

This is based on house price inflation of 70.9%, between February 2011 and March 2025, 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 70.9% inflationary increase is applied to the most recent sale price for 3 AZALEA ROAD of £155,000 on 14th February 2011. For the value to have increased from £155,000 to £264,825 over the thirteen years and eleven months to March 2025, the following assumptions must hold true:

• The value of 3 AZALEA ROAD has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2011 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 3 AZALEA ROAD has not materially changed since February 2011.

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 houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 3 AZALEA ROAD lies on this distribution: 42% of detached houses 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.