3, CARRAL CLOSE, LINCOLN, LN5 9BD - £175,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 CARRAL CLOSE is a very small semi-detached house of 66m², built sometime between 1967 and 1975. It was last sold for £175,000 in October 2021, which was around 39% below the average October 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

3 CARRAL CLOSE Sold Prices

Land registry data shows two sales for 3 CARRAL 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 Lincoln local authority area for the corresponding sale date. Both of the two 3 CARRAL 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 28 OCT	£175,000	£288,020	39% below HPI
1995 19 JUL	£42,000	£60,195	30% below HPI

3 CARRAL 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 two 3 CARRAL CLOSE sales from July 1995 and October 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 July 1995 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 CARRAL CLOSE?

3 CARRAL CLOSE is 66m² according to the EPC inspection conducted in November 2020. 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 CARRAL CLOSE lies on this distribution: 10% of detached houses are smaller than 3 CARRAL CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 CARRAL CLOSE: Plot and Title Map

3 CARRAL CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 3 CARRAL 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 CARRAL 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 CARRAL CLOSE?

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