5, RIDGEWELL CLOSE, LINCOLN, LN6 3QQ - £112,500

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 RIDGEWELL CLOSE is a very small semi-detached house of 47m², built sometime between 1991 and 1995, which could now be worth an estimated £169,898. It was last sold for £112,500 in October 2014, which was around 16% below the average October 2014 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

5 RIDGEWELL CLOSE Sold Prices

Land registry data shows five sales for 5 RIDGEWELL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. All of the five 5 RIDGEWELL 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
2014 27 OCT	£112,500	£134,062	16% below HPI
2007 29 NOV	£114,000	£128,752	11% below HPI
2005 29 APR	£99,000	£117,972	16% below HPI
2003 15 DEC	£84,000	£97,833	14% below HPI
1996 24 MAY	£36,000	£39,812	10% below HPI

5 RIDGEWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The five 5 RIDGEWELL CLOSE sales between May 1996 and October 2014 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 November 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2014 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 5 RIDGEWELL CLOSE be worth now?

5 RIDGEWELL CLOSE might now be worth an estimated £169,898.

This is based on house price inflation of 51%, between October 2014 and March 2025, for semi-detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51% inflationary increase is applied to the most recent sale price for 5 RIDGEWELL CLOSE of £112,500 on 27th October 2014. For the value to have increased from £112,500 to £169,898 over the eleven years and seven months to March 2025, the following assumptions must hold true:

• The value of 5 RIDGEWELL CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The October 2014 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 5 RIDGEWELL CLOSE has not materially changed since October 2014.

How Large is 5 RIDGEWELL CLOSE?

5 RIDGEWELL CLOSE is 47m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 5 RIDGEWELL CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 5 RIDGEWELL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 RIDGEWELL CLOSE: Plot and Title Map

5 RIDGEWELL CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 5 RIDGEWELL 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 RIDGEWELL 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 RIDGEWELL CLOSE?

5 RIDGEWELL CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 5 on RIDGEWELL CLOSE.