5, SHEARWATER CLOSE, LINCOLN, LN6 0XU - £295,000

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 SHEARWATER CLOSE is a very large detached house of 159m², built sometime between 1983 and 1990, which could now be worth an estimated £355,007. It was last sold for £295,000 in February 2020, which was around 18% above the average February 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

5 SHEARWATER CLOSE Sold Prices

Land registry data shows three sales for 5 SHEARWATER 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 Lincoln local authority area for the corresponding sale date. All of the three 5 SHEARWATER 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 5 FEB	£295,000	£249,759	18% above HPI
2010 29 OCT	£265,000	£174,469	52% above HPI
1999 22 OCT	£112,500	£71,971	56% above HPI

5 SHEARWATER 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 three 5 SHEARWATER CLOSE sales between October 1999 and February 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 October 2010 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the February 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 5 SHEARWATER CLOSE be worth now?

5 SHEARWATER CLOSE might now be worth an estimated £355,007.

This is based on house price inflation of 20.3%, between February 2020 and February 2025, for 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 20.3% inflationary increase is applied to the most recent sale price for 5 SHEARWATER CLOSE of £295,000 on 5th February 2020. For the value to have increased from £295,000 to £355,007 over the five years to February 2025, the following assumptions must hold true:

• The value of 5 SHEARWATER CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SHEARWATER CLOSE has not materially changed since February 2020.

How Large is 5 SHEARWATER CLOSE?

5 SHEARWATER CLOSE is 159m² according to the EPC inspection conducted in January 2020. This puts it in the largest 20% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 5 SHEARWATER CLOSE lies on this distribution: 89% of detached houses houses are smaller than 5 SHEARWATER CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 SHEARWATER CLOSE: Plot and Title Map

5 SHEARWATER CLOSE sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of 5 SHEARWATER 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 SHEARWATER 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 SHEARWATER CLOSE?

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