12, CULLEN CLOSE, BILLINGHAY, LINCOLN, LN4 4GU - £180,000

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.

12 CULLEN CLOSE is a very small detached house of 70m², built in 2012, which could now be worth an estimated £215,190. It was last sold for £180,000 in July 2020, which was around 30% below the average July 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was A.

12 CULLEN CLOSE Sold Prices

Land registry data shows three sales for 12 CULLEN 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. All of the three 12 CULLEN 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 8 JUL	£180,000	£256,331	30% below HPI
2019 13 NOV	£186,666	£255,632	27% below HPI
2016 14 OCT	£175,000	£219,309	20% below HPI

12 CULLEN 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 12 CULLEN CLOSE sales between October 2016 and July 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 November 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 12 CULLEN CLOSE be worth now?

12 CULLEN CLOSE might now be worth an estimated £215,190.

This is based on house price inflation of 19.6%, between July 2020 and May 2026, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.6% inflationary increase is applied to the most recent sale price for 12 CULLEN CLOSE of £180,000 on 8th July 2020. For the value to have increased from £180,000 to £215,190 over the six years and two months to May 2026, the following assumptions must hold true:

• The value of 12 CULLEN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2020 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CULLEN CLOSE has not materially changed since July 2020.

How Large is 12 CULLEN CLOSE?

12 CULLEN CLOSE is 70m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% of detached houses houses in Billinghay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billinghay, and where 12 CULLEN CLOSE lies on this distribution: 7% of detached houses houses are smaller than 12 CULLEN CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Billinghay.

12 CULLEN CLOSE: Plot and Title Map

12 CULLEN CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 12 CULLEN 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 12 CULLEN 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 12 CULLEN CLOSE?

12 CULLEN CLOSE is located in BILLINGHAY, in the LN4 postcode district. The below map shows the position of No. 12 on CULLEN CLOSE.