8, LOTUS CLOSE, WADDINGTON, LINCOLN, LN5 9LU - £255,000

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 LOTUS CLOSE is a large detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £270,177. It was last sold for £255,000 in December 2021, which was around 11% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

8 LOTUS CLOSE Sold Prices

Land registry data shows three sales for 8 LOTUS 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. Two of the three 8 LOTUS CLOSE sales were for below the average price, whilst one was for above 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
2021 10 DEC	£255,000	£285,742	11% below HPI
1997 15 OCT	£62,250	£64,932	4% below HPI
1995 25 AUG	£62,500	£61,507	2% above HPI

8 LOTUS 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 LOTUS CLOSE sales between August 1995 and December 2021 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 October 1997 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 LOTUS CLOSE be worth now?

8 LOTUS CLOSE might now be worth an estimated £270,177.

This is based on house price inflation of 6%, between December 2021 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 6% inflationary increase is applied to the most recent sale price for 8 LOTUS CLOSE of £255,000 on 10th December 2021. For the value to have increased from £255,000 to £270,177 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 LOTUS CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LOTUS CLOSE has not materially changed since December 2021.

How Large is 8 LOTUS CLOSE?

8 LOTUS CLOSE is 129m² according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waddington, and where 8 LOTUS CLOSE lies on this distribution: 78% of detached houses houses are smaller than 8 LOTUS CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Waddington.

8 LOTUS CLOSE: Plot and Title Map

8 LOTUS CLOSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 8 LOTUS 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 LOTUS 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 LOTUS CLOSE?

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