3, LANEY CLOSE, LINCOLN, LN2 4RN - £165,000

3 LANEY CLOSE is a very small detached house of 63m², built sometime between 1976 and 1982. It was last sold for £165,000 in October 2018, which was around 33% below the average October 2018 detached price in the Lincoln local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

3 LANEY CLOSE Sold Prices

Land registry data shows two sales for 3 LANEY 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 Lincoln local authority area for the corresponding sale date. Both of the two 3 LANEY 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
2018 3 OCT	£165,000	£245,252	33% below HPI
1997 20 JUN	£43,500	£63,692	32% below HPI

3 LANEY 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 two 3 LANEY CLOSE sales from June 1997 and October 2018 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 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 3 LANEY CLOSE?

3 LANEY CLOSE is 63m² according to the EPC inspection conducted in June 2018. 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 LANEY CLOSE lies on this distribution: 8% of detached houses are smaller than 3 LANEY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 LANEY CLOSE: Plot and Title Map

3 LANEY CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 3 LANEY 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 LANEY 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 LANEY CLOSE?

3 LANEY CLOSE is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 3 on LANEY CLOSE.