3, BURE CLOSE, LINCOLN, LN6 8TG - £299,950

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 BURE CLOSE is a midsized detached house of 108m², built sometime between 1967 and 1975. It was last sold for £299,950 in January 2018, which was around 24% above the average January 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

3 BURE CLOSE Sold Prices

Land registry data shows two sales for 3 BURE 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 North Kesteven local authority area for the corresponding sale date. One of the two 3 BURE CLOSE sales was for above the average price, whilst the other was 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
2018 4 JAN	£299,950	£241,690	24% above HPI
2005 1 AUG	£163,500	£181,270	10% below HPI

3 BURE 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 two 3 BURE CLOSE sales from August 2005 and January 2018 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 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 BURE CLOSE?

3 BURE CLOSE is 108m² according to the EPC inspection conducted in April 2013. This puts it in the largest 50% 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 BURE CLOSE lies on this distribution: 56% of detached houses are smaller than 3 BURE CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

3 BURE CLOSE: Plot and Title Map

3 BURE CLOSE sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 3 BURE 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 BURE 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 BURE CLOSE?

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