31, STRAHANE CLOSE, LINCOLN, LN5 8TL - £175,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

31 STRAHANE CLOSE is a very small extended semi-detached house of 73m², built sometime between 1967 and 1975. It was last sold for £175,000 in August 2024, which was around 38% below the average August 2024 detached price in the Lincoln local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

31 STRAHANE CLOSE Sold Prices

Land registry data shows five sales for 31 STRAHANE 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 Lincoln local authority area for the corresponding sale date. All of the five 31 STRAHANE 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
2024 15 AUG	£175,000	£284,522	38% below HPI
2016 16 DEC	£150,000	£224,723	33% below HPI
2013 8 FEB	£123,500	£175,084	29% below HPI
2002 12 APR	£59,995	£100,913	41% below HPI
1998 24 JUL	£42,000	£67,807	38% below HPI

31 STRAHANE 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 five 31 STRAHANE CLOSE sales between July 1998 and August 2024 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 December 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2024 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 31 STRAHANE CLOSE?

31 STRAHANE CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 31 STRAHANE CLOSE lies on this distribution: 17% of detached houses are smaller than 31 STRAHANE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

31 STRAHANE CLOSE: Plot and Title Map

31 STRAHANE CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 31 STRAHANE 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 31 STRAHANE 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 31 STRAHANE CLOSE?

31 STRAHANE CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 31 on STRAHANE CLOSE.