31, THE OVAL, LINCOLN, LN2 4EX - £125,000

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.

31 THE OVAL is a small semi-detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £152,603. It was last sold for £125,000 in May 2020, which was around 25% below the average May 2020 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

31 THE OVAL Sold Prices

Land registry data shows two sales for 31 THE OVAL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 31 THE OVAL 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
2020 7 MAY	£125,000	£165,840	25% below HPI
2002 2 DEC	£31,500	£76,283	59% below HPI

31 THE OVAL Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 31 THE OVAL sales from December 2002 and May 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 December 2002 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the May 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 31 THE OVAL be worth now?

31 THE OVAL might now be worth an estimated £152,603.

This is based on house price inflation of 22.1%, between May 2020 and March 2025, for semi-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 22.1% inflationary increase is applied to the most recent sale price for 31 THE OVAL of £125,000 on 7th May 2020. For the value to have increased from £125,000 to £152,603 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 31 THE OVAL has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The May 2020 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 31 THE OVAL has not materially changed since May 2020.

How Large is 31 THE OVAL?

31 THE OVAL is 79m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 31 THE OVAL lies on this distribution: 24% of semi-detached houses houses are smaller than 31 THE OVAL, and 75% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

31 THE OVAL: Plot and Title Map

31 THE OVAL sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 31 THE OVAL, 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 THE OVAL). 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 THE OVAL?

31 THE OVAL is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 31 on THE OVAL.