38, LINCOLN CLOSE, LICHFIELD, WS13 7SW - £332,000

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.

38 LINCOLN CLOSE is a small detached house of 106m², built sometime between 1976 and 1982, which could now be worth an estimated £450,556. It was last sold for £332,000 in May 2018, which was around 12% below the average May 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

38 LINCOLN CLOSE Sold Prices

Land registry data shows three sales for 38 LINCOLN 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 Lichfield local authority area for the corresponding sale date. All of the three 38 LINCOLN 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
2018 10 MAY	£332,000	£375,177	12% below HPI
2006 27 JUL	£215,000	£278,463	23% below HPI
1997 28 JAN	£89,000	£98,339	9% below HPI

38 LINCOLN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three 38 LINCOLN CLOSE sales between January 1997 and May 2018 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 July 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2018 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 38 LINCOLN CLOSE be worth now?

38 LINCOLN CLOSE might now be worth an estimated £450,556.

This is based on house price inflation of 35.7%, between May 2018 and February 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.7% inflationary increase is applied to the most recent sale price for 38 LINCOLN CLOSE of £332,000 on 10th May 2018. For the value to have increased from £332,000 to £450,556 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 38 LINCOLN CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2018 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LINCOLN CLOSE has not materially changed since May 2018.

How Large is 38 LINCOLN CLOSE?

38 LINCOLN CLOSE is 106m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 40% of detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lichfield, and where 38 LINCOLN CLOSE lies on this distribution: 37% of detached houses houses are smaller than 38 LINCOLN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

38 LINCOLN CLOSE: Plot and Title Map

38 LINCOLN CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 38 LINCOLN 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 38 LINCOLN 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 38 LINCOLN CLOSE?

38 LINCOLN CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 38 on LINCOLN CLOSE.