56, LILFORD ROAD, LINCOLN, LN2 4TP - £245,000

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

56 LILFORD ROAD is a small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £245,000 in September 2023, which was around 18% below the average September 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

56 LILFORD ROAD Sold Prices

Land registry data shows four sales for 56 LILFORD ROAD 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 56 LILFORD ROAD 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
2023 15 SEP	£245,000	£297,956	18% below HPI
2020 18 MAY	£205,000	£252,138	19% below HPI
2000 21 SEP	£15,000	£79,301	81% below HPI
1996 23 AUG	£56,500	£63,066	10% below HPI

56 LILFORD ROAD 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 56 LILFORD ROAD sales between August 1996 and September 2023 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 May 2020 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 56 LILFORD ROAD?

56 LILFORD ROAD is 85m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 56 LILFORD ROAD lies on this distribution: 31% of detached houses are smaller than 56 LILFORD ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

56 LILFORD ROAD: Plot and Title Map

56 LILFORD ROAD sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 56 LILFORD ROAD, 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 56 LILFORD ROAD). 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 56 LILFORD ROAD?

56 LILFORD ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 56 on LILFORD ROAD.