5, WORCESTER CLOSE, LINCOLN, LN6 3LW - £200,000

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 WORCESTER CLOSE is a very small detached house of 63m², built sometime between 1991 and 1995. It was last sold for £200,000 in April 2022, which was around 32% below the average April 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

5 WORCESTER CLOSE Sold Prices

Land registry data shows two sales for 5 WORCESTER 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 WORCESTER 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
2022 26 APR	£200,000	£294,905	32% below HPI
2006 22 FEB	£133,000	£172,904	23% below HPI

5 WORCESTER 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 WORCESTER CLOSE sales from February 2006 and April 2022 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 February 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 WORCESTER CLOSE?

5 WORCESTER CLOSE is 63m² according to the EPC inspection conducted in January 2022. 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 WORCESTER CLOSE lies on this distribution: 8% of detached houses are smaller than 5 WORCESTER CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 WORCESTER CLOSE: Plot and Title Map

5 WORCESTER CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 5 WORCESTER 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 WORCESTER 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 WORCESTER CLOSE?

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