3, OLD PITS CLOSE, SKELLINGTHORPE, LINCOLN, LN6 4RD - £445,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 OLD PITS CLOSE is a very large extended detached house of 146m², built sometime from 2012 onwards. It was last sold for £445,000 in September 2023, which was around 47% above the average September 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

3 OLD PITS CLOSE Sold Prices

Land registry data shows two sales for 3 OLD PITS 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 North Kesteven local authority area for the corresponding sale date. Both of the two 3 OLD PITS 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
2023 22 SEP	£445,000	£302,596	47% above HPI
2012 27 JAN	£230,000	£176,899	30% above HPI

3 OLD PITS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 3 OLD PITS CLOSE sales from January 2012 and September 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 January 2012 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the September 2023 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 3 OLD PITS CLOSE?

3 OLD PITS CLOSE is 146m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Skellingthorpe, and where 3 OLD PITS CLOSE lies on this distribution: 82% of detached houses are smaller than 3 OLD PITS CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

3 OLD PITS CLOSE: Plot and Title Map

3 OLD PITS CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 3 OLD PITS 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 OLD PITS 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 OLD PITS CLOSE?

3 OLD PITS CLOSE is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 3 on OLD PITS CLOSE.