8, OAK CLOSE, SUDBROOKE, LINCOLN, LN2 2RG - £400,000

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 OAK CLOSE is a very large extended detached house of 250m², built sometime between 1967 and 1975. It was last sold for £400,000 in December 2019, which was around 78% above the average December 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was B.

8 OAK CLOSE Sold Prices

Land registry data shows three sales for 8 OAK 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 West Lindsey local authority area for the corresponding sale date. All of the three 8 OAK CLOSE sales were 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
2019 12 DEC	£400,000	£224,429	78% above HPI
2012 7 NOV	£220,000	£172,058	28% above HPI
2003 3 NOV	£199,950	£148,078	35% above HPI

8 OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 8 OAK CLOSE sales between November 2003 and December 2019 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 November 2012 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2019 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 8 OAK CLOSE?

8 OAK CLOSE is 250m², which includes four extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of detached houses in Sudbrooke, based on EPC data. The below chart shows the distribution of detached houses by size in Sudbrooke, and where 8 OAK CLOSE lies on this distribution: 94% of detached houses are smaller than 8 OAK CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Sudbrooke.

8 OAK CLOSE: Plot and Title Map

8 OAK CLOSE sits on a plot of roughly 0.319 of an acre, or 1,290m². The below map shows the location of 8 OAK 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 OAK 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 OAK CLOSE?

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