COLERAINE, LINCOLN ROAD, NETTLEHAM, LINCOLN, LN2 2NF - £250,000

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

COLERAINE is a midsized extended semi-detached house of 103m², built sometime between 1930 and 1949. It was last sold for £250,000 in November 2021, which was around 14% below the average November 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

COLERAINE Sold Prices

Land registry data shows three sales for COLERAINE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Two of the three COLERAINE 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 12 NOV	£250,000	£290,676	14% below HPI
2012 19 NOV	£185,000	£180,006	3% above HPI
2005 15 APR	£154,000	£180,068	14% below HPI

COLERAINE 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 three COLERAINE sales between April 2005 and November 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 November 2012 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is COLERAINE?

COLERAINE is 103m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 50% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where COLERAINE lies on this distribution: 53% of detached houses are smaller than COLERAINE, and 46% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

COLERAINE: Plot and Title Map

COLERAINE sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of COLERAINE, 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 COLERAINE). 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 COLERAINE?

COLERAINE is located on LINCOLN ROAD in NETTLEHAM, in the LN2 postcode district. The below map shows the position of COLERAINE on LINCOLN ROAD.