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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 LOTUS CLOSE is a large detached house of 129m², built sometime between 1967 and 1975. It was last sold for £255,000 in December 2021, which was around 12% 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. The three 8 LOTUS 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
2021 10 DEC	£255,000	£289,408	12% below HPI
1997 15 OCT	£62,250	£65,765	5% below HPI
1995 25 AUG	£62,500	£62,296	Close to 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

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 in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 8 LOTUS CLOSE lies on this distribution: 78% of detached 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.