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

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 ELY CLOSE is a small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £185,000 in August 2017, which was around 21% 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. All of the four 8 ELY 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
2017 31 AUG	£185,000	£235,233	21% below HPI
2011 25 AUG	£150,000	£181,287	17% below HPI
2002 22 MAR	£89,000	£98,131	9% below HPI
1999 1 APR	£68,750	£69,804	2% below 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

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 in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Bracebridge Heath, and where 8 ELY CLOSE lies on this distribution: 20% of detached 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.