43, NEILE CLOSE, LINCOLN, LN2 4RT - £239,500

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.

43 NEILE CLOSE is a large detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £288,217. It was last sold for £239,500 in February 2020, which was around 4% below the average February 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

43 NEILE CLOSE Sold Prices

Land registry data shows two sales for 43 NEILE 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 43 NEILE 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
2020 21 FEB	£239,500	£249,759	4% below HPI
2012 1 AUG	£154,000	£177,568	13% below HPI

43 NEILE 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 43 NEILE CLOSE sales from August 2012 and February 2020 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 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 43 NEILE CLOSE be worth now?

43 NEILE CLOSE might now be worth an estimated £288,217.

This is based on house price inflation of 20.3%, between February 2020 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 20.3% inflationary increase is applied to the most recent sale price for 43 NEILE CLOSE of £239,500 on 21st February 2020. For the value to have increased from £239,500 to £288,217 over the five years to February 2025, the following assumptions must hold true:

• The value of 43 NEILE CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2020 sale price of £239,500 represented a fair market value for the property.
• The size, condition, and specification of 43 NEILE CLOSE has not materially changed since February 2020.

How Large is 43 NEILE CLOSE?

43 NEILE CLOSE is 116m² according to the EPC inspection conducted in April 2010. 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 43 NEILE CLOSE lies on this distribution: 65% of detached houses houses are smaller than 43 NEILE CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

43 NEILE CLOSE: Plot and Title Map

43 NEILE CLOSE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 43 NEILE 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 43 NEILE 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 43 NEILE CLOSE?

43 NEILE CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 43 on NEILE CLOSE.