3, SHEARWATER CLOSE, LINCOLN, LN6 0XU - £262,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 SHEARWATER CLOSE is a large extended detached house of 136m², built sometime between 1983 and 1990, which could now be worth an estimated £342,089. It was last sold for £262,500 in October 2016, which was around 13% above the average October 2016 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

3 SHEARWATER CLOSE Sold Prices

Land registry data shows two sales for 3 SHEARWATER 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. Both of the two 3 SHEARWATER 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 21 OCT	£262,500	£231,795	13% above HPI
2001 1 JUN	£120,000	£86,961	38% above HPI

3 SHEARWATER 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 SHEARWATER CLOSE sales from June 2001 and October 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 June 2001 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 2016 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 3 SHEARWATER CLOSE be worth now?

3 SHEARWATER CLOSE might now be worth an estimated £342,089.

This is based on house price inflation of 30.3%, between October 2016 and December 2024, 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 30.3% inflationary increase is applied to the most recent sale price for 3 SHEARWATER CLOSE of £262,500 on 21st October 2016. For the value to have increased from £262,500 to £342,089 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 SHEARWATER CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The October 2016 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 3 SHEARWATER CLOSE has not materially changed since October 2016.

How Large is 3 SHEARWATER CLOSE?

3 SHEARWATER CLOSE is 136m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 30% 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 SHEARWATER CLOSE lies on this distribution: 80% of detached houses houses are smaller than 3 SHEARWATER CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 SHEARWATER CLOSE: Plot and Title Map

3 SHEARWATER CLOSE sits on a plot of roughly 0.171 of an acre, or 694m². The below map shows the location of 3 SHEARWATER 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 SHEARWATER 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 SHEARWATER CLOSE?

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