8, CORREEN CLOSE, LINCOLN, LN5 9AT - £117,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 CORREEN CLOSE is a small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £117,500 in October 2013, which was around 39% below the average October 2013 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

8 CORREEN CLOSE Sold Prices

Land registry data shows three sales for 8 CORREEN CLOSE since 1^st 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 8 CORREEN 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
2013 18 OCT	£117,500	£192,478	39% below HPI
2006 20 JAN	£112,000	£180,141	38% below HPI
2000 8 SEP	£45,000	£80,306	44% below HPI

8 CORREEN 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 three 8 CORREEN CLOSE sales between September 2000 and October 2013 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 January 2006 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2013 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 8 CORREEN CLOSE be worth now?

8 CORREEN CLOSE might now be worth an estimated £184,404.

This is based on house price inflation of 56.9%, between October 2013 and December 2024, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.9% inflationary increase is applied to the most recent sale price for 8 CORREEN CLOSE of £117,500 on 18th October 2013. For the value to have increased from £117,500 to £184,404 over the ten years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 CORREEN CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The October 2013 sale price of £117,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CORREEN CLOSE has not materially changed since October 2013.

How Large is 8 CORREEN CLOSE?

8 CORREEN CLOSE is 83m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 8 CORREEN CLOSE lies on this distribution: 29% of detached houses houses are smaller than 8 CORREEN CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

8 CORREEN CLOSE: Plot and Title Map

8 CORREEN CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 8 CORREEN 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 CORREEN 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 CORREEN CLOSE?

8 CORREEN CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 8 on CORREEN CLOSE.