3, HOLLY CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4BH - £125,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 HOLLY CLOSE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £202,396. It was last sold for £125,000 in July 2011, which was around 30% below the average July 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

3 HOLLY CLOSE Sold Prices

Land registry data shows two sales for 3 HOLLY 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 West Lindsey local authority area for the corresponding sale date. Both of the two 3 HOLLY 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
2011 21 JUL	£125,000	£179,792	30% below HPI
2004 24 FEB	£120,000	£153,947	22% below HPI

3 HOLLY 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 two 3 HOLLY CLOSE sales from February 2004 and July 2011 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 February 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2011 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 HOLLY CLOSE be worth now?

3 HOLLY CLOSE might now be worth an estimated £202,396.

This is based on house price inflation of 61.9%, between July 2011 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.9% inflationary increase is applied to the most recent sale price for 3 HOLLY CLOSE of £125,000 on 21st July 2011. For the value to have increased from £125,000 to £202,396 over the fourteen years and five months to February 2025, the following assumptions must hold true:

• The value of 3 HOLLY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2011 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HOLLY CLOSE has not materially changed since July 2011.

How Large is 3 HOLLY CLOSE?

3 HOLLY CLOSE is 84m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 40% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 3 HOLLY CLOSE lies on this distribution: 36% of detached houses houses are smaller than 3 HOLLY CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

3 HOLLY CLOSE: Plot and Title Map

3 HOLLY CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 3 HOLLY 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 HOLLY 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 HOLLY CLOSE?

3 HOLLY CLOSE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 3 on HOLLY CLOSE.