11, LACY CLOSE, NETTLEHAM, LINCOLN, LN2 2WF - £188,000

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.

11 LACY CLOSE is a very small detached house of 74m², which could now be worth an estimated £262,722. It was last sold for £188,000 in March 2016, which was around 6% below the average March 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2008, where the current energy rating was D, and the potential energy rating was D.

11 LACY CLOSE Sold Prices

Land registry data shows three sales for 11 LACY 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 11 LACY 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
2016 22 MAR	£188,000	£200,255	6% below HPI
2009 9 OCT	£160,000	£178,027	10% below HPI
1996 20 DEC	£58,600	£64,957	10% below HPI

11 LACY 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 11 LACY CLOSE sales between December 1996 and March 2016 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 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2016 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 11 LACY CLOSE be worth now?

11 LACY CLOSE might now be worth an estimated £262,722.

This is based on house price inflation of 39.7%, between March 2016 and July 2026, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.7% inflationary increase is applied to the most recent sale price for 11 LACY CLOSE of £188,000 on 22nd March 2016. For the value to have increased from £188,000 to £262,722 over the nine years and eight months to July 2026, the following assumptions must hold true:

• The value of 11 LACY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2016 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LACY CLOSE has not materially changed since March 2016.

How Large is 11 LACY CLOSE?

11 LACY CLOSE is 74m² according to the EPC inspection conducted in September 2008. This puts it in the smallest 10% of detached houses in Nettleham, based on EPC data. The below chart shows the distribution of detached houses by size in Nettleham, and where 11 LACY CLOSE lies on this distribution: 7% of detached houses are smaller than 11 LACY CLOSE, and 92% of detached houses are larger. Note that EPC data is not available for all properties in Nettleham.

11 LACY CLOSE: Plot

11 LACY CLOSE sits on a plot of roughly 0.098 of an acre, or 396m².

Where is 11 LACY CLOSE?

11 LACY CLOSE is located in NETTLEHAM, in the LN2 postcode district.