5, FLAXLEY CLOSE, LINCOLN, LN2 4GJ - £115,000

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 FLAXLEY CLOSE is a very small flat of 50m², built sometime between 2003 and 2006, which could now be worth an estimated £112,182. It was last sold for £115,000 in May 2025, which was around 4% above the average May 2025 flat 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 five sales for 5 FLAXLEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Lincoln local authority area for the corresponding sale date. All of the five 5 FLAXLEY 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
2025 30 MAY	£115,000	£111,049	4% above HPI
2023 3 FEB	£223,000	£111,232	100% above HPI
2006 22 DEC	£109,000	£84,837	28% above HPI
2006 31 OCT	£115,000	£83,879	37% above HPI
2004 22 OCT	£95,000	£78,091	22% above HPI

5 FLAXLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average flat house price in the Lincoln local authority area over time, sourced from the HPI. The five 5 FLAXLEY CLOSE sales between October 2004 and May 2025 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 February 2023 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the May 2025 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5 FLAXLEY CLOSE be worth now?

5 FLAXLEY CLOSE might now be worth an estimated £112,182.

This is based on house price deflation of 2.5%, between May 2025 and July 2025, for flats, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 5 FLAXLEY CLOSE of £115,000 on 30th May 2025. For the value to have decreased from £115,000 to £112,182 over the ten months to July 2025, the following assumptions must hold true:

• The value of 5 FLAXLEY CLOSE has moved in line with the HPI for flats in the Lincoln local authority area.
• The May 2025 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FLAXLEY CLOSE has not materially changed since May 2025.

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 flats houses in Lincoln, based on EPC data. The below chart shows the distribution of flats houses by size in Lincoln, and where 5 FLAXLEY CLOSE lies on this distribution: 1% of flats 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 17,166m². 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.