8, FALCON CLOSE, EAGLE, LINCOLN, LN6 9DX - £265,000

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 FALCON CLOSE is a small extended detached house of 69m², built sometime between 1967 and 1975. It was last sold for £265,000 in November 2023, which was around 12% below the average November 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

8 FALCON CLOSE Sold Prices

Land registry data shows three sales for 8 FALCON 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 North Kesteven local authority area for the corresponding sale date. All of the three 8 FALCON 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
2023 30 NOV	£265,000	£300,479	12% below HPI
2021 26 FEB	£205,000	£273,488	25% below HPI
2018 12 JAN	£130,000	£241,690	46% below HPI

8 FALCON 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 three 8 FALCON CLOSE sales between January 2018 and November 2023 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 February 2021 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 8 FALCON CLOSE?

8 FALCON CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% of detached houses in Eagle, based on EPC data. The below chart shows the distribution of detached houses by size in Eagle, and where 8 FALCON CLOSE lies on this distribution: 23% of detached houses are smaller than 8 FALCON CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Eagle.

8 FALCON CLOSE: Plot and Title Map

8 FALCON CLOSE sits on a plot of roughly 0.546 of an acre, or 2,211m². The below map shows the location of 8 FALCON 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 FALCON 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 FALCON CLOSE?

8 FALCON CLOSE is located in EAGLE, in the LN6 postcode district. The below map shows the position of No. 8 on FALCON CLOSE.