3, LUCAN CLOSE, SIBSEY, BOSTON, PE22 0SH - £195,000

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 LUCAN CLOSE is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £195,000 in July 2020, which was around 10% below the average July 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

3 LUCAN CLOSE Sold Prices

Land registry data shows five sales for 3 LUCAN 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 East Lindsey local authority area for the corresponding sale date. Most of the five 3 LUCAN 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
2020 24 JUL	£195,000	£216,924	10% below HPI
2017 29 SEP	£172,000	£210,398	18% below HPI
1999 25 MAY	£63,000	£67,272	6% below HPI
1998 2 NOV	£60,000	£67,291	11% below HPI
1997 21 JUL	£64,000	£60,466	6% above HPI

3 LUCAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The five 3 LUCAN CLOSE sales between July 1997 and July 2020 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 September 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 LUCAN CLOSE?

3 LUCAN CLOSE is 88m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses by size in Sibsey, and where 3 LUCAN CLOSE lies on this distribution: 22% of detached houses are smaller than 3 LUCAN CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

3 LUCAN CLOSE: Plot and Title Map

3 LUCAN CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 3 LUCAN 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 LUCAN 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 LUCAN CLOSE?

3 LUCAN CLOSE is located in SIBSEY, in the PE22 postcode district. The below map shows the position of No. 3 on LUCAN CLOSE.