4, MENDIP CLOSE, LINCOLN, LN5 8SX - £190,000

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 MENDIP CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £190,000 in March 2024, which was around 33% below the average March 2024 detached price in the Lincoln local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

4 MENDIP CLOSE Sold Prices

Land registry data shows two sales for 4 MENDIP CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 4 MENDIP 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 1 MAR	£190,000	£281,906	33% below HPI
2006 26 JAN	£84,000	£177,887	53% below HPI

4 MENDIP 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 two 4 MENDIP CLOSE sales from January 2006 and March 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 January 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the March 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 4 MENDIP CLOSE?

4 MENDIP CLOSE is 71m² according to the EPC inspection conducted in March 2019. 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 4 MENDIP CLOSE lies on this distribution: 15% of detached houses are smaller than 4 MENDIP CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

4 MENDIP CLOSE: Plot and Title Map

4 MENDIP CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 4 MENDIP 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 MENDIP 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 MENDIP CLOSE?

4 MENDIP CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 4 on MENDIP CLOSE.