5, PARK CLOSE, SUDBROOKE, LINCOLN, LN2 2RE - £320,000

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 PARK CLOSE is a large extended detached house of 159m², built sometime between 1983 and 1990, which could now be worth an estimated £393,520. It was last sold for £320,000 in October 2020, which was around 35% above the average October 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

5 PARK CLOSE Sold Prices

Land registry data shows three sales for 5 PARK 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 West Lindsey local authority area for the corresponding sale date. All of the three 5 PARK 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
2020 30 OCT	£320,000	£236,726	35% above HPI
2016 15 AUG	£275,000	£205,407	34% above HPI
2009 26 MAY	£206,500	£175,265	18% above HPI

5 PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 5 PARK CLOSE sales between May 2009 and October 2020 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 2016 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2020 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 5 PARK CLOSE be worth now?

5 PARK CLOSE might now be worth an estimated £393,520.

This is based on house price inflation of 23%, between October 2020 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23% inflationary increase is applied to the most recent sale price for 5 PARK CLOSE of £320,000 on 30th October 2020. For the value to have increased from £320,000 to £393,520 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 PARK CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2020 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARK CLOSE has not materially changed since October 2020.

How Large is 5 PARK CLOSE?

5 PARK CLOSE is 159m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses houses in Sudbrooke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sudbrooke, and where 5 PARK CLOSE lies on this distribution: 72% of detached houses houses are smaller than 5 PARK CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Sudbrooke.

5 PARK CLOSE: Plot and Title Map

5 PARK CLOSE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 5 PARK 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 PARK 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 PARK CLOSE?

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