3, CARPENTERS CLOSE, REEPHAM, LINCOLN, LN3 4DD - £320,000

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 CARPENTERS CLOSE is a midsized extended detached house of 148m², built sometime between 2003 and 2006. It was last sold for £320,000 in June 2021, which was around 24% above the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was C.

3 CARPENTERS CLOSE Sold Prices

Land registry data shows three sales for 3 CARPENTERS 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 West Lindsey local authority area for the corresponding sale date. All of the three 3 CARPENTERS CLOSE sales 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
2021 29 JUN	£320,000	£258,781	24% above HPI
2012 23 NOV	£210,000	£172,058	22% above HPI
2005 9 DEC	£249,950	£174,502	43% above HPI

3 CARPENTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 3 CARPENTERS CLOSE sales between December 2005 and June 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 November 2012 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 CARPENTERS CLOSE?

3 CARPENTERS CLOSE is 148m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the largest 40% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 3 CARPENTERS CLOSE lies on this distribution: 60% of detached houses are smaller than 3 CARPENTERS CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Reepham.

3 CARPENTERS CLOSE: Plot and Title Map

3 CARPENTERS CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 3 CARPENTERS 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 CARPENTERS 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 CARPENTERS CLOSE?

3 CARPENTERS CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 3 on CARPENTERS CLOSE.