7, HOLLY CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4BH - £220,500

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.

7 HOLLY CLOSE is a small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £245,741. It was last sold for £220,500 in July 2021, which was around 16% below the average July 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

7 HOLLY CLOSE Sold Prices

Land registry data shows two sales for 7 HOLLY 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 West Lindsey local authority area for the corresponding sale date. Both of the two 7 HOLLY 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 16 JUL	£220,500	£261,213	16% below HPI
1998 9 DEC	£56,000	£68,540	18% below HPI

7 HOLLY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 7 HOLLY CLOSE sales from December 1998 and July 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 December 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 HOLLY CLOSE be worth now?

7 HOLLY CLOSE might now be worth an estimated £245,741.

This is based on house price inflation of 11.4%, between July 2021 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.4% inflationary increase is applied to the most recent sale price for 7 HOLLY CLOSE of £220,500 on 16th July 2021. For the value to have increased from £220,500 to £245,741 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 7 HOLLY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2021 sale price of £220,500 represented a fair market value for the property.
• The size, condition, and specification of 7 HOLLY CLOSE has not materially changed since July 2021.

How Large is 7 HOLLY CLOSE?

7 HOLLY CLOSE is 86m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 7 HOLLY CLOSE lies on this distribution: 38% of detached houses houses are smaller than 7 HOLLY CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

7 HOLLY CLOSE: Plot and Title Map

7 HOLLY CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 7 HOLLY 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 HOLLY 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 HOLLY CLOSE?

7 HOLLY CLOSE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 7 on HOLLY CLOSE.