18, SMITH STREET, LINCOLN, LN5 8HY - £117,500

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.

18 SMITH STREET is a very small extended terraced house of 72m², built sometime between 1900 and 1929, which could now be worth an estimated £152,326. It was last sold for £117,500 in February 2018, which was around 4% below the average February 2018 terraced price in the Lincoln local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

18 SMITH STREET Sold Prices

Land registry data shows two sales for 18 SMITH STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Lincoln local authority area for the corresponding sale date. Both of the two 18 SMITH STREET 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
2018 14 FEB	£117,500	£122,382	4% below HPI
2017 14 AUG	£79,000	£117,214	33% below HPI

18 SMITH STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lincoln local authority area over time, sourced from the HPI. The two 18 SMITH STREET sales from August 2017 and February 2018 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 August 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 18 SMITH STREET be worth now?

18 SMITH STREET might now be worth an estimated £152,326.

This is based on house price inflation of 29.6%, between February 2018 and June 2025, for terraced 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 29.6% inflationary increase is applied to the most recent sale price for 18 SMITH STREET of £117,500 on 14th February 2018. For the value to have increased from £117,500 to £152,326 over the six years and eight months to June 2025, the following assumptions must hold true:

• The value of 18 SMITH STREET has moved in line with the HPI for terraced houses in the Lincoln local authority area.
• The February 2018 sale price of £117,500 represented a fair market value for the property.
• The size, condition, and specification of 18 SMITH STREET has not materially changed since February 2018.

How Large is 18 SMITH STREET?

18 SMITH STREET is 72m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of terraced houses houses in Lincoln, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lincoln, and where 18 SMITH STREET lies on this distribution: 16% of terraced houses houses are smaller than 18 SMITH STREET, and 83% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

18 SMITH STREET: Plot and Title Map

18 SMITH STREET sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of 18 SMITH STREET, 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 18 SMITH STREET). 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 18 SMITH STREET?

18 SMITH STREET is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 18 on SMITH STREET.