48, ORCHID ROAD, LINCOLN, LN5 9XD - £67,000

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

48 ORCHID ROAD is a very small detached house of 74m², built sometime between 1996 and 2002. It was last sold for £67,000 in February 2001, which was around 16% below the average February 2001 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

48 ORCHID ROAD Sold Prices

Land registry data shows two sales for 48 ORCHID ROAD 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 48 ORCHID ROAD 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
2001 23 FEB	£67,000	£79,569	16% below HPI
1999 26 NOV	£62,950	£70,544	11% below HPI

48 ORCHID ROAD 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 48 ORCHID ROAD sales from November 1999 and February 2001 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 November 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2001 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 48 ORCHID ROAD?

48 ORCHID ROAD is 74m² according to the EPC inspection conducted in August 2016. 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 48 ORCHID ROAD lies on this distribution: 18% of detached houses are smaller than 48 ORCHID ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

48 ORCHID ROAD: Plot and Title Map

48 ORCHID ROAD sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 48 ORCHID ROAD, 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 48 ORCHID ROAD). 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 48 ORCHID ROAD?

48 ORCHID ROAD is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 48 on ORCHID ROAD.