3, MARIGOLD CLOSE, LINCOLN, LN2 4SZ - £263,000

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 MARIGOLD CLOSE is a small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £304,166. It was last sold for £263,000 in November 2020, which was around 1% above the average November 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

3 MARIGOLD CLOSE Sold Prices

Land registry data shows two sales for 3 MARIGOLD 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 Lincoln local authority area for the corresponding sale date. One of the two 3 MARIGOLD CLOSE sales was for above the average price, whilst the other was 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 9 NOV	£263,000	£259,885	1% above HPI
1997 22 SEP	£52,950	£66,782	21% below HPI

3 MARIGOLD 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 two 3 MARIGOLD CLOSE sales from September 1997 and November 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 1997 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 MARIGOLD CLOSE be worth now?

3 MARIGOLD CLOSE might now be worth an estimated £304,166.

This is based on house price inflation of 15.7%, between November 2020 and February 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.7% inflationary increase is applied to the most recent sale price for 3 MARIGOLD CLOSE of £263,000 on 9th November 2020. For the value to have increased from £263,000 to £304,166 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 MARIGOLD CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The November 2020 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MARIGOLD CLOSE has not materially changed since November 2020.

How Large is 3 MARIGOLD CLOSE?

3 MARIGOLD CLOSE is 90m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the smallest 40% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 3 MARIGOLD CLOSE lies on this distribution: 38% of detached houses houses are smaller than 3 MARIGOLD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 MARIGOLD CLOSE: Plot and Title Map

3 MARIGOLD CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 3 MARIGOLD 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 MARIGOLD 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 MARIGOLD CLOSE?

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