5, LAKE VIEW CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9SW - £205,000

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 LAKE VIEW CLOSE is a large detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £333,154. It was last sold for £205,000 in March 2008, which was around 10% above the average March 2008 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

5 LAKE VIEW CLOSE Sold Prices

Land registry data shows three sales for 5 LAKE VIEW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 5 LAKE VIEW 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
2008 26 MAR	£205,000	£186,291	10% above HPI
1999 17 MAR	£87,000	£69,840	25% above HPI
1996 9 AUG	£84,000	£62,025	35% above HPI

5 LAKE VIEW 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 three 5 LAKE VIEW CLOSE sales between August 1996 and March 2008 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 1999 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2008 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 5 LAKE VIEW CLOSE be worth now?

5 LAKE VIEW CLOSE might now be worth an estimated £333,154.

This is based on house price inflation of 62.5%, between March 2008 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.5% inflationary increase is applied to the most recent sale price for 5 LAKE VIEW CLOSE of £205,000 on 26th March 2008. For the value to have increased from £205,000 to £333,154 over the seventeen years and one month to February 2025, the following assumptions must hold true:

• The value of 5 LAKE VIEW CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2008 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LAKE VIEW CLOSE has not materially changed since March 2008.

How Large is 5 LAKE VIEW CLOSE?

5 LAKE VIEW CLOSE is 114m² according to the EPC inspection conducted in October 2015. This puts it in the largest 40% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 5 LAKE VIEW CLOSE lies on this distribution: 63% of detached houses houses are smaller than 5 LAKE VIEW CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

5 LAKE VIEW CLOSE: Plot and Title Map

5 LAKE VIEW CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 5 LAKE VIEW 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 LAKE VIEW 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 LAKE VIEW CLOSE?

5 LAKE VIEW CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 5 on LAKE VIEW CLOSE.