3, RAILWAY PARK CLOSE, LINCOLN, LN6 7AL - £112,000

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 RAILWAY PARK CLOSE is a very small semi-detached house of 43m², built sometime between 1991 and 1995. It was last sold for £112,000 in March 2017, which was around 50% below the average March 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

3 RAILWAY PARK CLOSE Sold Prices

Land registry data shows three sales for 3 RAILWAY PARK 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 Lincoln local authority area for the corresponding sale date. All of the three 3 RAILWAY PARK 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
2017 2 MAR	£112,000	£223,768	50% below HPI
2013 28 NOV	£107,000	£190,807	44% below HPI
2003 7 MAR	£73,500	£131,109	44% below HPI

3 RAILWAY PARK 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 three 3 RAILWAY PARK CLOSE sales between March 2003 and March 2017 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 November 2013 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2017 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 3 RAILWAY PARK CLOSE?

3 RAILWAY PARK CLOSE is 43m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 3 RAILWAY PARK CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 3 RAILWAY PARK CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 RAILWAY PARK CLOSE: Plot and Title Map

3 RAILWAY PARK CLOSE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 3 RAILWAY PARK 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 RAILWAY PARK 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 RAILWAY PARK CLOSE?

3 RAILWAY PARK CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 3 on RAILWAY PARK CLOSE.