2, THE OVAL, LINCOLN, LN2 4EX - £177,500

2 THE OVAL is a very small semi-detached house of 75m², built sometime between 1950 and 1966. It was last sold for £177,500 in September 2023, which was around 40% below the average September 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

2 THE OVAL Sold Prices

Land registry data shows four sales for 2 THE OVAL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 2 THE OVAL 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
2023 29 SEP	£177,500	£296,160	40% below HPI
2021 30 APR	£132,500	£267,251	50% below HPI
2010 28 MAY	£72,000	£176,367	59% below HPI
2006 31 JAN	£65,000	£177,887	63% below HPI

2 THE OVAL 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 four 2 THE OVAL sales between January 2006 and September 2023 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 April 2021 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2023 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 THE OVAL?

2 THE OVAL is 75m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 2 THE OVAL lies on this distribution: 19% of detached houses are smaller than 2 THE OVAL, and 80% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 THE OVAL: Plot and Title Map

2 THE OVAL sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 2 THE OVAL, 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 THE OVAL). 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 THE OVAL?

2 THE OVAL is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 2 on THE OVAL.