4, PENNYCRESS CLOSE, LINCOLN, LN2 4TD - £247,500

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 PENNYCRESS CLOSE is a small extended detached house of 83m², built sometime between 1983 and 1990. It was last sold for £247,500 in September 2021, which was around 11% below the average September 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

4 PENNYCRESS CLOSE Sold Prices

Land registry data shows two sales for 4 PENNYCRESS 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 PENNYCRESS 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
2021 24 SEP	£247,500	£277,169	11% below HPI
2000 3 AUG	£57,950	£78,016	26% below HPI

4 PENNYCRESS 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 PENNYCRESS CLOSE sales from August 2000 and September 2021 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 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 4 PENNYCRESS CLOSE?

4 PENNYCRESS CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the smallest 30% 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 PENNYCRESS CLOSE lies on this distribution: 29% of detached houses are smaller than 4 PENNYCRESS CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

4 PENNYCRESS CLOSE: Plot and Title Map

4 PENNYCRESS CLOSE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 4 PENNYCRESS 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 PENNYCRESS 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 PENNYCRESS CLOSE?

4 PENNYCRESS CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 4 on PENNYCRESS CLOSE.