8, ARABIS CLOSE, LINCOLN, LN2 4UF - £139,000

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

8 ARABIS CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £139,000 in June 2010, which was around 21% below the average June 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was D.

8 ARABIS CLOSE Sold Prices

Land registry data shows two sales for 8 ARABIS 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 8 ARABIS 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
2010 24 JUN	£139,000	£176,104	21% below HPI
1997 7 MAR	£59,950	£64,086	6% below HPI

8 ARABIS 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 8 ARABIS CLOSE sales from March 1997 and June 2010 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 1997 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2010 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 8 ARABIS CLOSE?

8 ARABIS CLOSE is 70m² according to the EPC inspection conducted in September 2009. 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 8 ARABIS CLOSE lies on this distribution: 14% of detached houses are smaller than 8 ARABIS CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

8 ARABIS CLOSE: Plot and Title Map

8 ARABIS CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 8 ARABIS 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 8 ARABIS 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 8 ARABIS CLOSE?

8 ARABIS CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 8 on ARABIS CLOSE.