4A, PENROSE CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9YF - £164,950

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

4A PENROSE CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £164,950 in December 2021, which was around 43% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2020, where the current energy rating was E, and the potential energy rating was D.

4A PENROSE CLOSE Sold Prices

Land registry data shows two sales for 4A PENROSE 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 North Kesteven local authority area for the corresponding sale date. Both of the two 4A PENROSE 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 10 DEC	£164,950	£289,408	43% below HPI
2016 4 MAR	£135,000	£216,837	38% below HPI

4A PENROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 4A PENROSE CLOSE sales from March 2016 and December 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 March 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the December 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 4A PENROSE CLOSE?

4A PENROSE CLOSE is 72m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 4A PENROSE CLOSE lies on this distribution: 12% of detached houses are smaller than 4A PENROSE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

4A PENROSE CLOSE: Plot and Title Map

4A PENROSE CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 4A PENROSE 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 4A PENROSE 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 4A PENROSE CLOSE?

4A PENROSE CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 4A on PENROSE CLOSE.