3, ELY CLOSE, BRACEBRIDGE HEATH, LINCOLN, LN4 2TJ - £139,000

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.

3 ELY CLOSE is a very small extended semi-detached house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £240,697. It was last sold for £139,000 in February 2014, which was around 15% above the average February 2014 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2013, where the current energy rating was B, and the potential energy rating was B.

3 ELY CLOSE Sold Prices

Land registry data shows three sales for 3 ELY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 3 ELY CLOSE sales were for above 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
2014 28 FEB	£139,000	£120,660	15% above HPI
2010 2 JUL	£139,995	£119,406	17% above HPI
1998 27 FEB	£57,500	£41,296	39% above HPI

3 ELY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 3 ELY CLOSE sales between February 1998 and February 2014 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 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2014 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 ELY CLOSE be worth now?

3 ELY CLOSE might now be worth an estimated £240,697.

This is based on house price inflation of 73.2%, between February 2014 and April 2026, for semi-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 73.2% inflationary increase is applied to the most recent sale price for 3 ELY CLOSE of £139,000 on 28th February 2014. For the value to have increased from £139,000 to £240,697 over the eleven years and ten months to April 2026, the following assumptions must hold true:

• The value of 3 ELY CLOSE has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The February 2014 sale price of £139,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ELY CLOSE has not materially changed since February 2014.

How Large is 3 ELY CLOSE?

3 ELY CLOSE is 70m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of semi-detached houses houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bracebridge Heath, and where 3 ELY CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 3 ELY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

3 ELY CLOSE: Plot and Title Map

3 ELY CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 3 ELY 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 ELY 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 ELY CLOSE?

3 ELY CLOSE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 3 on ELY CLOSE.