6, ELTON CLOSE, LINCOLN, LN1 1AP - £227,000

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.

6 ELTON CLOSE is a very large detached house of 139m², built sometime between 2003 and 2006, which could now be worth an estimated £391,491. It was last sold for £227,000 in March 2010, which was around 30% above the average March 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

6 ELTON CLOSE Sold Prices

Land registry data shows two sales for 6 ELTON 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 6 ELTON 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
2010 12 MAR	£227,000	£174,951	30% above HPI
2003 19 DEC	£178,995	£158,032	13% above HPI

6 ELTON 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 6 ELTON CLOSE sales from December 2003 and March 2010 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 December 2003 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2010 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 6 ELTON CLOSE be worth now?

6 ELTON CLOSE might now be worth an estimated £391,491.

This is based on house price inflation of 72.5%, between March 2010 and March 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 72.5% inflationary increase is applied to the most recent sale price for 6 ELTON CLOSE of £227,000 on 12th March 2010. For the value to have increased from £227,000 to £391,491 over the fifteen years to March 2025, the following assumptions must hold true:

• The value of 6 ELTON CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The March 2010 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ELTON CLOSE has not materially changed since March 2010.

How Large is 6 ELTON CLOSE?

6 ELTON CLOSE is 139m² according to the EPC inspection conducted in October 2009. 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 6 ELTON CLOSE lies on this distribution: 81% of detached houses houses are smaller than 6 ELTON CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

6 ELTON CLOSE: Plot and Title Map

6 ELTON CLOSE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 6 ELTON 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 6 ELTON 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 6 ELTON CLOSE?

6 ELTON CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 6 on ELTON CLOSE.