5, GYNEWELL GROVE, LINCOLN, LN2 4QL - £220,000

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 GYNEWELL GROVE is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £220,000 in July 2023, which was around 26% below the average July 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

5 GYNEWELL GROVE Sold Prices

Land registry data shows five sales for 5 GYNEWELL GROVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the five 5 GYNEWELL GROVE 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 7 JUL	£220,000	£298,061	26% below HPI
2008 24 JAN	£133,000	£195,985	32% below HPI
2004 16 JUL	£121,000	£169,602	29% below HPI
2002 28 OCT	£90,000	£124,343	28% below HPI
1995 24 MAY	£45,000	£58,816	23% below HPI

5 GYNEWELL GROVE 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 five 5 GYNEWELL GROVE sales between May 1995 and July 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 January 2008 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 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 GYNEWELL GROVE?

5 GYNEWELL GROVE is 67m² according to the EPC inspection conducted in January 2014. 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 5 GYNEWELL GROVE lies on this distribution: 11% of detached houses are smaller than 5 GYNEWELL GROVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 GYNEWELL GROVE: Plot and Title Map

5 GYNEWELL GROVE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 5 GYNEWELL GROVE, 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 GYNEWELL GROVE). 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 GYNEWELL GROVE?

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