2, CROMER CLOSE, NORTH HYKEHAM, LINCOLN, LN6 8UT - £250,000

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.

2 CROMER CLOSE is a very small detached house of 62m², built sometime between 1976 and 1982, which could now be worth an estimated £253,733. It was last sold for £250,000 in April 2022, which was around 16% below the average April 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

2 CROMER CLOSE Sold Prices

Land registry data shows two sales for 2 CROMER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 2 CROMER 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
2022 25 APR	£250,000	£298,295	16% below HPI
2019 31 OCT	£173,000	£254,391	32% below HPI

2 CROMER 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 two 2 CROMER CLOSE sales from October 2019 and April 2022 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 2019 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 CROMER CLOSE be worth now?

2 CROMER CLOSE might now be worth an estimated £253,733.

This is based on house price inflation of 1.5%, between April 2022 and February 2025, 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 1.5% inflationary increase is applied to the most recent sale price for 2 CROMER CLOSE of £250,000 on 25th April 2022. For the value to have increased from £250,000 to £253,733 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 2 CROMER CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The April 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CROMER CLOSE has not materially changed since April 2022.

How Large is 2 CROMER CLOSE?

2 CROMER CLOSE is 62m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 2 CROMER CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 CROMER CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 CROMER CLOSE: Plot and Title Map

2 CROMER CLOSE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 2 CROMER 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 2 CROMER 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 2 CROMER CLOSE?

2 CROMER CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 2 on CROMER CLOSE.