7, GRAVELEY CLOSE, LINCOLN, LN6 0SQ - £250,000

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

7 GRAVELEY CLOSE is a very small extended detached house of 73m², built sometime between 1983 and 1990. It was last sold for £250,000 in September 2021, which was around 10% below the average September 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

7 GRAVELEY CLOSE Sold Prices

Land registry data shows four sales for 7 GRAVELEY 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. All of the four 7 GRAVELEY 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
2021 30 SEP	£250,000	£277,169	10% below HPI
2021 16 JUL	£250,000	£273,443	9% below HPI
2010 4 JUN	£121,000	£176,104	31% below HPI
2004 24 MAY	£104,500	£168,493	38% below HPI

7 GRAVELEY 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 7 GRAVELEY CLOSE sales between May 2004 and September 2021 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 July 2021 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 7 GRAVELEY CLOSE?

7 GRAVELEY CLOSE is 73m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% 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 GRAVELEY CLOSE lies on this distribution: 17% of detached houses are smaller than 7 GRAVELEY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 GRAVELEY CLOSE: Plot and Title Map

7 GRAVELEY CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 7 GRAVELEY 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 GRAVELEY 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 GRAVELEY CLOSE?

7 GRAVELEY CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 7 on GRAVELEY CLOSE.