8, RIVERMEAD CLOSE, LINCOLN, LN6 8FD - £239,950

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 RIVERMEAD CLOSE is a small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £272,276. It was last sold for £239,950 in December 2020, which was around 9% below the average December 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

8 RIVERMEAD CLOSE Sold Prices

Land registry data shows four sales for 8 RIVERMEAD 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. Most of the four 8 RIVERMEAD 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
2020 11 DEC	£239,950	£264,879	9% below HPI
2015 24 APR	£185,000	£207,747	11% below HPI
2000 1 AUG	£36,975	£79,004	53% below HPI
2000 21 MAR	£76,950	£74,637	3% above HPI

8 RIVERMEAD 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 RIVERMEAD CLOSE sales between March 2000 and December 2020 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 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 8 RIVERMEAD CLOSE be worth now?

8 RIVERMEAD CLOSE might now be worth an estimated £272,276.

This is based on house price inflation of 13.5%, between December 2020 and February 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 13.5% inflationary increase is applied to the most recent sale price for 8 RIVERMEAD CLOSE of £239,950 on 11th December 2020. For the value to have increased from £239,950 to £272,276 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 RIVERMEAD CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The December 2020 sale price of £239,950 represented a fair market value for the property.
• The size, condition, and specification of 8 RIVERMEAD CLOSE has not materially changed since December 2020.

How Large is 8 RIVERMEAD CLOSE?

8 RIVERMEAD CLOSE is 87m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 RIVERMEAD CLOSE lies on this distribution: 34% of detached houses houses are smaller than 8 RIVERMEAD CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

8 RIVERMEAD CLOSE: Plot and Title Map

8 RIVERMEAD CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 8 RIVERMEAD 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 RIVERMEAD 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 RIVERMEAD CLOSE?

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