5, PALMER ROAD, LINCOLN, LN2 1BH - £400,000

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 PALMER ROAD is a large extended detached house of 123m², built sometime between 2003 and 2006. It was last sold for £400,000 in April 2023, which was around 31% above the average April 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

5 PALMER ROAD Sold Prices

Land registry data shows four sales for 5 PALMER ROAD 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 PALMER ROAD 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
2023 21 APR	£400,000	£305,765	31% above HPI
2018 24 AUG	£327,500	£239,194	37% above HPI
2012 27 JAN	£247,500	£175,509	41% above HPI
2008 6 JUN	£264,995	£185,352	43% above HPI

5 PALMER ROAD 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 PALMER ROAD sales between June 2008 and April 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 August 2018 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the April 2023 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 5 PALMER ROAD?

5 PALMER ROAD is 123m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the largest 30% 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 PALMER ROAD lies on this distribution: 72% of detached houses are smaller than 5 PALMER ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 PALMER ROAD: Plot and Title Map

5 PALMER ROAD sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 5 PALMER ROAD, 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 PALMER ROAD). 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 PALMER ROAD?

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