3, GRAY STREET, LINCOLN, LN1 3HH - £140,000

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 GRAY STREET is a very small extended detached house of 66m², built sometime between 1900 and 1929. It was last sold for £140,000 in October 2023, which was around 53% below the average October 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was B.

3 GRAY STREET Sold Prices

Land registry data shows four sales for 3 GRAY STREET 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 GRAY STREET 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 9 OCT	£140,000	£295,529	53% below HPI
2007 3 AUG	£151,000	£196,029	23% below HPI
2003 25 NOV	£137,500	£156,293	12% below HPI
2002 26 APR	£74,000	£100,913	27% below HPI

3 GRAY STREET 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 GRAY STREET sales between April 2002 and October 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 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 3 GRAY STREET?

3 GRAY STREET is 66m², which includes one extension, according to the EPC inspection conducted in January 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 GRAY STREET lies on this distribution: 10% of detached houses are smaller than 3 GRAY STREET, and 89% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 GRAY STREET: Plot and Title Map

3 GRAY STREET sits on a plot of roughly 0.022 of an acre, or 88m². The below map shows the location of 3 GRAY STREET, 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 GRAY STREET). 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 GRAY STREET?

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