6, GRANELY CLOSE, LINCOLN, LN1 1WA - £224,000

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

6 GRANELY CLOSE is a small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £224,000 in October 2019, which was around 9% below the average October 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

6 GRANELY CLOSE Sold Prices

Land registry data shows four sales for 6 GRANELY CLOSE 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. Most of the four 6 GRANELY 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
2019 18 OCT	£224,000	£246,550	9% below HPI
2011 24 JUN	£143,000	£177,085	19% below HPI
2003 5 AUG	£140,000	£150,467	7% below HPI
2001 2 MAR	£87,000	£81,008	7% above HPI

6 GRANELY 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 four 6 GRANELY CLOSE sales between March 2001 and October 2019 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 June 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 6 GRANELY CLOSE?

6 GRANELY CLOSE is 89m² according to the EPC inspection conducted in February 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 6 GRANELY CLOSE lies on this distribution: 37% of detached houses are smaller than 6 GRANELY CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

6 GRANELY CLOSE: Plot and Title Map

6 GRANELY CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 6 GRANELY 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 GRANELY 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 GRANELY CLOSE?

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