3, FROME CLOSE, LINCOLN, LN6 3DA - £275,000

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 FROME CLOSE is a very large detached house of 350m², built sometime between 1983 and 1990. It was last sold for £275,000 in May 2018, which was around 15% above the average May 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

3 FROME CLOSE Sold Prices

Land registry data shows five sales for 3 FROME CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the five 3 FROME 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
2018 25 MAY	£275,000	£238,535	15% above HPI
2005 27 JAN	£185,000	£167,922	10% above HPI
2002 27 JUN	£144,950	£108,734	33% above HPI
2001 30 MAR	£106,500	£81,008	31% above HPI
1998 28 AUG	£92,000	£67,918	35% above HPI

3 FROME 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 five 3 FROME CLOSE sales between August 1998 and May 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 January 2005 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2018 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 3 FROME CLOSE?

3 FROME CLOSE is 350m² according to the EPC inspection conducted in September 2023. This puts it in the largest 10% 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 FROME CLOSE lies on this distribution: More than 99% of detached houses are smaller than 3 FROME CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 FROME CLOSE: Plot and Title Map

3 FROME CLOSE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 3 FROME 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 FROME 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 FROME CLOSE?

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