51, CHAPEL LANE, LINCOLN, LN1 3AZ - £365,000

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

51 CHAPEL LANE is a small detached house of 82m², built sometime between 1900 and 1929. It was last sold for £365,000 in October 2020, which was around 44% above the average October 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

51 CHAPEL LANE Sold Prices

Land registry data shows four sales for 51 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 51 CHAPEL LANE 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 23 OCT	£365,000	£254,211	44% above HPI
2007 30 MAR	£233,800	£189,473	23% above HPI
2001 6 DEC	£99,000	£95,497	4% above HPI
2001 26 APR	£97,000	£82,722	17% above HPI

51 CHAPEL LANE 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 four 51 CHAPEL LANE sales between April 2001 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 March 2007 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2020 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 51 CHAPEL LANE?

51 CHAPEL LANE is 82m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 51 CHAPEL LANE lies on this distribution: 27% of detached houses are smaller than 51 CHAPEL LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

51 CHAPEL LANE: Plot and Title Map

51 CHAPEL LANE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 51 CHAPEL LANE, 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 51 CHAPEL LANE). 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 51 CHAPEL LANE?

51 CHAPEL LANE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 51 on CHAPEL LANE.