5, CHELSEA CLOSE, LINCOLN, LN6 0XF - £366,750

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.

5 CHELSEA CLOSE is a large detached house of 117m², built sometime between 1983 and 1990, which could now be worth an estimated £392,332. It was last sold for £366,750 in June 2021, which was around 31% above the average June 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 CHELSEA CLOSE Sold Prices

Land registry data shows four sales for 5 CHELSEA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 5 CHELSEA CLOSE sales were for above 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 3 JUN	£366,750	£280,965	31% above HPI
2019 12 APR	£290,000	£258,307	12% above HPI
2002 30 MAY	£139,500	£106,431	31% above HPI
1996 21 JUN	£86,500	£63,431	36% above HPI

5 CHELSEA 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 four 5 CHELSEA CLOSE sales between June 1996 and June 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 April 2019 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 5 CHELSEA CLOSE be worth now?

5 CHELSEA CLOSE might now be worth an estimated £392,332.

This is based on house price inflation of 7%, between June 2021 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 7% inflationary increase is applied to the most recent sale price for 5 CHELSEA CLOSE of £366,750 on 3rd June 2021. For the value to have increased from £366,750 to £392,332 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 5 CHELSEA CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The June 2021 sale price of £366,750 represented a fair market value for the property.
• The size, condition, and specification of 5 CHELSEA CLOSE has not materially changed since June 2021.

How Large is 5 CHELSEA CLOSE?

5 CHELSEA CLOSE is 117m² according to the EPC inspection conducted in July 2018. 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 5 CHELSEA CLOSE lies on this distribution: 66% of detached houses houses are smaller than 5 CHELSEA CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 CHELSEA CLOSE: Plot and Title Map

5 CHELSEA CLOSE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 5 CHELSEA 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 5 CHELSEA 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 5 CHELSEA CLOSE?

5 CHELSEA CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 5 on CHELSEA CLOSE.