3, LACY CLOSE, NETTLEHAM, LINCOLN, LN2 2WF - £300,000

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 LACY CLOSE is a midsized extended detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £425,176. It was last sold for £300,000 in August 2016, which was around 46% above the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

3 LACY CLOSE Sold Prices

Land registry data shows three sales for 3 LACY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 3 LACY 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
2016 2 AUG	£300,000	£205,407	46% above HPI
2005 31 MAY	£233,000	£169,757	37% above HPI
1996 12 DEC	£96,950	£64,957	49% above HPI

3 LACY 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 three 3 LACY CLOSE sales between December 1996 and August 2016 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 May 2005 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2016 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 3 LACY CLOSE be worth now?

3 LACY CLOSE might now be worth an estimated £425,176.

This is based on house price inflation of 41.7%, between August 2016 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 41.7% inflationary increase is applied to the most recent sale price for 3 LACY CLOSE of £300,000 on 2nd August 2016. For the value to have increased from £300,000 to £425,176 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 3 LACY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2016 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LACY CLOSE has not materially changed since August 2016.

How Large is 3 LACY CLOSE?

3 LACY CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses houses in Nettleham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettleham, and where 3 LACY CLOSE lies on this distribution: 59% of detached houses houses are smaller than 3 LACY CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Nettleham.

3 LACY CLOSE: Plot and Title Map

3 LACY CLOSE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 3 LACY 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 LACY 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 LACY CLOSE?

3 LACY CLOSE is located in NETTLEHAM, in the LN2 postcode district. The below map shows the position of No. 3 on LACY CLOSE.