3, CARRAM CLOSE, LINCOLN, LN1 1EP - £245,000

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 CARRAM CLOSE is a small extended detached house of 85m², built sometime between 2007 and 2011. It was last sold for £245,000 in August 2023, which was around 19% below the average August 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

3 CARRAM CLOSE Sold Prices

Land registry data shows four sales for 3 CARRAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 3 CARRAM 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
2023 25 AUG	£245,000	£300,749	19% below HPI
2016 18 AUG	£200,000	£223,048	10% below HPI
2010 18 NOV	£166,000	£174,364	5% below HPI
2008 21 APR	£175,000	£192,935	9% below HPI

3 CARRAM 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 four 3 CARRAM CLOSE sales between April 2008 and August 2023 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 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 3 CARRAM CLOSE?

3 CARRAM CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% 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 CARRAM CLOSE lies on this distribution: 31% of detached houses are smaller than 3 CARRAM CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 CARRAM CLOSE: Plot and Title Map

3 CARRAM CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 3 CARRAM 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 CARRAM 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 CARRAM CLOSE?

3 CARRAM CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 3 on CARRAM CLOSE.