7, GARRICK CLOSE, LINCOLN, LN5 8TG - £205,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 GARRICK CLOSE is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £205,000 in December 2019, which was around 16% below the average December 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

7 GARRICK CLOSE Sold Prices

Land registry data shows two sales for 7 GARRICK 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 7 GARRICK 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 12 DEC	£205,000	£244,092	16% below HPI
2015 20 MAR	£128,000	£203,911	37% below HPI

7 GARRICK 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 7 GARRICK CLOSE sales from March 2015 and December 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 March 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 7 GARRICK CLOSE?

7 GARRICK CLOSE is 54m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% 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 GARRICK CLOSE lies on this distribution: 3% of detached houses are smaller than 7 GARRICK CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 GARRICK CLOSE: Plot and Title Map

7 GARRICK CLOSE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 7 GARRICK 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 GARRICK 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 GARRICK CLOSE?

7 GARRICK CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 7 on GARRICK CLOSE.