4, BURE CLOSE, LINCOLN, LN6 8TG - £224,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 BURE CLOSE is a large extended detached house of 118m², built sometime between 1967 and 1975. It was last sold for £224,950 in August 2015, which was around 8% above the average August 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

4 BURE CLOSE Sold Prices

Land registry data shows three sales for 4 BURE 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 North Kesteven local authority area for the corresponding sale date. Two of the three 4 BURE CLOSE sales were for above the average price, whilst one was 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
2015 20 AUG	£224,950	£208,390	8% above HPI
2006 30 JAN	£169,000	£179,056	6% below HPI
2002 9 AUG	£128,000	£113,817	12% above HPI

4 BURE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 4 BURE CLOSE sales between August 2002 and August 2015 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 January 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2015 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 4 BURE CLOSE?

4 BURE CLOSE is 118m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 40% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 4 BURE CLOSE lies on this distribution: 67% of detached houses are smaller than 4 BURE CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

4 BURE CLOSE: Plot and Title Map

4 BURE CLOSE sits on a plot of roughly 0.145 of an acre, or 589m². The below map shows the location of 4 BURE 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 4 BURE 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 4 BURE CLOSE?

4 BURE CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 4 on BURE CLOSE.