7, ALBION CLOSE, LINCOLN, LN1 1ED - £222,500

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

7 ALBION CLOSE is a small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £222,500 in November 2020, which was around 13% below the average November 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

7 ALBION CLOSE Sold Prices

Land registry data shows three sales for 7 ALBION CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the three 7 ALBION 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
2020 27 NOV	£222,500	£256,634	13% below HPI
2016 28 JAN	£163,500	£219,852	26% below HPI
2002 25 OCT	£114,000	£124,343	8% below HPI

7 ALBION 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 three 7 ALBION CLOSE sales between October 2002 and November 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 January 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 ALBION CLOSE?

7 ALBION CLOSE is 78m² according to the EPC inspection conducted in January 2014. 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 7 ALBION CLOSE lies on this distribution: 23% of detached houses are smaller than 7 ALBION CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 ALBION CLOSE: Plot and Title Map

7 ALBION CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 7 ALBION 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 7 ALBION 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 7 ALBION CLOSE?

7 ALBION CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 7 on ALBION CLOSE.