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
71 BOBBIN LANE is a large extended detached house of 131m², built sometime from 2012 onwards. It was last sold for £298,000 in February 2024, which was around 7% above the average February 2024 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 71 BOBBIN LANE since 1st 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 71 BOBBIN LANE sales were for above 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 |
---|---|---|---|
2024 28 FEB | £298,000 | £278,435 | 7% above HPI |
2013 20 DEC | £197,500 | £189,073 | 4% above HPI |
2012 30 NOV | £185,999 | £180,006 | 3% above HPI |
The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The three 71 BOBBIN LANE sales between November 2012 and February 2024 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 2013 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2024 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.
71 BOBBIN LANE is 131m², which includes three extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 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 71 BOBBIN LANE lies on this distribution: 78% of detached houses are smaller than 71 BOBBIN LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Lincoln.
71 BOBBIN LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 71 BOBBIN LANE, 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 71 BOBBIN LANE). 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.
71 BOBBIN LANE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 71 on BOBBIN LANE.