3, CHAPEL CLOSE, REEPHAM, LINCOLN, LN3 4EJ - £160,000

3 CHAPEL CLOSE is a small extended detached house of 109m², built sometime between 1976 and 1982. It was last sold for £160,000 in October 2013, which was around 10% below the average October 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

3 CHAPEL CLOSE Sold Prices

Land registry data shows two sales for 3 CHAPEL 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 West Lindsey local authority area for the corresponding sale date. One of the two 3 CHAPEL CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2013 4 OCT	£160,000	£178,420	10% below HPI
2001 13 FEB	£81,000	£81,251	Close to HPI

3 CHAPEL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 3 CHAPEL CLOSE sales from February 2001 and October 2013 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 February 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2013 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 3 CHAPEL CLOSE lies on this distribution: 36% of detached houses are smaller than 3 CHAPEL CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Reepham.

3 CHAPEL CLOSE: Plot and Title Map

3 CHAPEL CLOSE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 3 CHAPEL 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 3 CHAPEL 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 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 3 on CHAPEL CLOSE.