5, PENNYCRESS CLOSE, LINCOLN, LN2 4TD - £163,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 PENNYCRESS CLOSE is a very small detached house of 64m², built sometime between 1983 and 1990. It was last sold for £163,500 in November 2018, which was around 34% below the average November 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 PENNYCRESS CLOSE Sold Prices

Land registry data shows two sales for 5 PENNYCRESS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 5 PENNYCRESS CLOSE 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
2018 7 NOV	£163,500	£246,964	34% below HPI
1996 9 SEP	£51,000	£64,560	21% below HPI

5 PENNYCRESS CLOSE 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 two 5 PENNYCRESS CLOSE sales from September 1996 and November 2018 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 September 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 5 PENNYCRESS CLOSE?

5 PENNYCRESS CLOSE is 64m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% 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 PENNYCRESS CLOSE lies on this distribution: 8% of detached houses are smaller than 5 PENNYCRESS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 PENNYCRESS CLOSE: Plot and Title Map

5 PENNYCRESS CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 5 PENNYCRESS 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 PENNYCRESS 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 PENNYCRESS CLOSE?

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