8, LILFORD CLOSE, LINCOLN, LN2 4TG - £195,000

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 LILFORD CLOSE is a large extended detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £256,440. It was last sold for £195,000 in July 2017, which was around 15% below the average July 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was B.

8 LILFORD CLOSE Sold Prices

Land registry data shows four sales for 8 LILFORD 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 Lincoln local authority area for the corresponding sale date. All of the four 8 LILFORD 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 24 JUL	£195,000	£229,436	15% below HPI
2002 5 APR	£79,000	£102,191	23% below HPI
1998 30 JUN	£47,000	£68,189	31% below HPI
1998 31 MAR	£47,996	£65,168	26% below HPI

8 LILFORD 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 four 8 LILFORD CLOSE sales between March 1998 and July 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 April 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2017 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 LILFORD CLOSE be worth now?

8 LILFORD CLOSE might now be worth an estimated £256,440.

This is based on house price inflation of 31.5%, between July 2017 and March 2025, 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 31.5% inflationary increase is applied to the most recent sale price for 8 LILFORD CLOSE of £195,000 on 24th July 2017. For the value to have increased from £195,000 to £256,440 over the eight years and four months to March 2025, the following assumptions must hold true:

• The value of 8 LILFORD CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The July 2017 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LILFORD CLOSE has not materially changed since July 2017.

How Large is 8 LILFORD CLOSE?

8 LILFORD CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 40% 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 LILFORD CLOSE lies on this distribution: 62% of detached houses houses are smaller than 8 LILFORD CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

8 LILFORD CLOSE: Plot and Title Map

8 LILFORD CLOSE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 8 LILFORD 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 LILFORD 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 LILFORD CLOSE?

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