23, GARRICK CLOSE, LINCOLN, LN5 8TG - £115,000

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.

23 GARRICK CLOSE is a very small detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £202,181. It was last sold for £115,000 in March 2010, which was around 34% below the average March 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

23 GARRICK CLOSE Sold Prices

Land registry data shows three sales for 23 GARRICK 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 Lincoln local authority area for the corresponding sale date. All of the three 23 GARRICK 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
2010 18 MAR	£115,000	£174,951	34% below HPI
2002 8 JUL	£84,950	£113,375	25% below HPI
1997 18 JUL	£49,500	£66,345	25% below HPI

23 GARRICK CLOSE 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 three 23 GARRICK CLOSE sales between July 1997 and March 2010 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 July 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2010 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 23 GARRICK CLOSE be worth now?

23 GARRICK CLOSE might now be worth an estimated £202,181.

This is based on house price inflation of 75.8%, between March 2010 and June 2025, for detached 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 75.8% inflationary increase is applied to the most recent sale price for 23 GARRICK CLOSE of £115,000 on 18th March 2010. For the value to have increased from £115,000 to £202,181 over the fourteen years and nine months to June 2025, the following assumptions must hold true:

• The value of 23 GARRICK CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The March 2010 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 23 GARRICK CLOSE has not materially changed since March 2010.

How Large is 23 GARRICK CLOSE?

23 GARRICK CLOSE is 65m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 23 GARRICK CLOSE lies on this distribution: 10% of detached houses houses are smaller than 23 GARRICK CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

23 GARRICK CLOSE: Plot and Title Map

23 GARRICK CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 23 GARRICK 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 23 GARRICK 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 23 GARRICK CLOSE?

23 GARRICK CLOSE is located in LINCOLN, in the LN5 postcode district. The below map shows the position of No. 23 on GARRICK CLOSE.