3, CARN CLOSE, LINCOLN, LN5 9AX - £184,000

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 CARN CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £184,000 in March 2021, which was around 30% below the average March 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

3 CARN CLOSE Sold Prices

Land registry data shows three sales for 3 CARN CLOSE 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. All of the three 3 CARN 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
2021 26 MAR	£184,000	£263,492	30% below HPI
2020 14 APR	£179,000	£251,244	29% below HPI
2003 30 JAN	£74,000	£128,023	42% below HPI

3 CARN CLOSE 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 CARN CLOSE sales between January 2003 and March 2021 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 April 2020 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 CARN CLOSE?

3 CARN CLOSE is 71m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% 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 CARN CLOSE lies on this distribution: 15% of detached houses are smaller than 3 CARN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 CARN CLOSE: Plot and Title Map

3 CARN CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 3 CARN 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 CARN 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 CARN CLOSE?

3 CARN CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 3 on CARN CLOSE.