4, ELTON CLOSE, LINCOLN, LN1 1AP - £340,000

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.

4 ELTON CLOSE is a large extended detached house of 115m², built sometime between 2003 and 2006, which could now be worth an estimated £350,554. It was last sold for £340,000 in January 2022, which was around 17% above the average January 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

4 ELTON CLOSE Sold Prices

Land registry data shows four sales for 4 ELTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 4 ELTON 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
2022 31 JAN	£340,000	£291,514	17% above HPI
2011 30 AUG	£188,000	£177,976	6% above HPI
2010 21 SEP	£191,500	£174,227	10% above HPI
2004 27 FEB	£169,995	£160,783	6% above HPI

4 ELTON 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 four 4 ELTON CLOSE sales between February 2004 and January 2022 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 August 2011 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the January 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 4 ELTON CLOSE be worth now?

4 ELTON CLOSE might now be worth an estimated £350,554.

This is based on house price inflation of 3.1%, between January 2022 and February 2025, 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 3.1% inflationary increase is applied to the most recent sale price for 4 ELTON CLOSE of £340,000 on 31st January 2022. For the value to have increased from £340,000 to £350,554 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of 4 ELTON CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The January 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ELTON CLOSE has not materially changed since January 2022.

How Large is 4 ELTON CLOSE?

4 ELTON CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 40% 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 4 ELTON CLOSE lies on this distribution: 64% of detached houses houses are smaller than 4 ELTON CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

4 ELTON CLOSE: Plot and Title Map

4 ELTON CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 4 ELTON 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 ELTON 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 ELTON CLOSE?

4 ELTON CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 4 on ELTON CLOSE.