8, ELY CLOSE, BRACEBRIDGE HEATH, LINCOLN, LN4 2TJ - £185,000

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.

8 ELY CLOSE is a small detached house of 80m², built sometime between 1996 and 2002, which could now be worth an estimated £241,152. It was last sold for £185,000 in August 2017, which was around 20% below the average August 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

8 ELY CLOSE Sold Prices

Land registry data shows four sales for 8 ELY 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 North Kesteven local authority area for the corresponding sale date. The four 8 ELY CLOSE sales were a mix of below the average price, and roughly equal to 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
2017 31 AUG	£185,000	£232,254	20% below HPI
2011 25 AUG	£150,000	£178,990	16% below HPI
2002 22 MAR	£89,000	£96,888	8% below HPI
1999 1 APR	£68,750	£68,920	Close to HPI

8 ELY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 8 ELY CLOSE sales between April 1999 and August 2017 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 August 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 ELY CLOSE be worth now?

8 ELY CLOSE might now be worth an estimated £241,152.

This is based on house price inflation of 30.4%, between August 2017 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 8 ELY CLOSE of £185,000 on 31st August 2017. For the value to have increased from £185,000 to £241,152 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 8 ELY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2017 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELY CLOSE has not materially changed since August 2017.

How Large is 8 ELY CLOSE?

8 ELY CLOSE is 80m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bracebridge Heath, and where 8 ELY CLOSE lies on this distribution: 20% of detached houses houses are smaller than 8 ELY CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

8 ELY CLOSE: Plot and Title Map

8 ELY CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 8 ELY 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 ELY 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 ELY CLOSE?

8 ELY CLOSE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 8 on ELY CLOSE.