5, FLAXLEY CLOSE, LINCOLN, LN2 4GJ - £223,000

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

5 FLAXLEY CLOSE is a very small detached house of 50m², built sometime between 2003 and 2006. It was last sold for £223,000 in February 2023, which was around 26% below the average February 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

5 FLAXLEY CLOSE Sold Prices

Land registry data shows four sales for 5 FLAXLEY 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 FLAXLEY 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
2023 3 FEB	£223,000	£302,238	26% below HPI
2006 22 DEC	£109,000	£184,937	41% below HPI
2006 31 OCT	£115,000	£183,917	37% below HPI
2004 22 OCT	£95,000	£175,202	46% below HPI

5 FLAXLEY 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 FLAXLEY CLOSE sales between October 2004 and February 2023 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 December 2006 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 FLAXLEY CLOSE?

5 FLAXLEY CLOSE is 50m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 5 FLAXLEY CLOSE lies on this distribution: 1% of detached houses are smaller than 5 FLAXLEY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 FLAXLEY CLOSE: Plot and Title Map

5 FLAXLEY CLOSE sits on a plot of roughly 4.2 acres, or 17,173m². The below map shows the location of 5 FLAXLEY 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 FLAXLEY 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 FLAXLEY CLOSE?

5 FLAXLEY CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 5 on FLAXLEY CLOSE.