3, ERNEST TERRACE, LINCOLN, LN1 3DJ - £150,000

3 ERNEST TERRACE is a very small detached house of 44m², built sometime between 1991 and 1995. It was last sold for £150,000 in November 2020, which was around 42% below the average November 2020 detached price in the Lincoln local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

3 ERNEST TERRACE Sold Prices

Land registry data shows three sales for 3 ERNEST TERRACE 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 3 ERNEST TERRACE 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
2020 3 NOV	£150,000	£256,634	42% below HPI
2016 13 JUN	£133,000	£216,245	38% below HPI
2007 22 AUG	£105,000	£196,029	46% below HPI

3 ERNEST TERRACE 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 3 ERNEST TERRACE sales between August 2007 and November 2020 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 June 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 3 ERNEST TERRACE?

3 ERNEST TERRACE is 44m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 3 ERNEST TERRACE lies on this distribution: Less than 1% of detached houses are smaller than 3 ERNEST TERRACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 ERNEST TERRACE: Plot and Title Map

3 ERNEST TERRACE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 3 ERNEST TERRACE, 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 ERNEST TERRACE). 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 ERNEST TERRACE?

3 ERNEST TERRACE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 3 on ERNEST TERRACE.