3, LUCAN CLOSE, SIBSEY, BOSTON, PE22 0SH - £195,000

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 LUCAN CLOSE is a small detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £253,625. It was last sold for £195,000 in July 2020, which was around 11% below the average July 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

3 LUCAN CLOSE Sold Prices

Land registry data shows five sales for 3 LUCAN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the five 3 LUCAN 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
2020 24 JUL	£195,000	£220,085	11% below HPI
2017 29 SEP	£172,000	£213,464	19% below HPI
1999 25 MAY	£63,000	£68,252	8% below HPI
1998 2 NOV	£60,000	£68,272	12% below HPI
1997 21 JUL	£64,000	£61,347	4% above HPI

3 LUCAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The five 3 LUCAN CLOSE sales between July 1997 and July 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 September 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 LUCAN CLOSE be worth now?

3 LUCAN CLOSE might now be worth an estimated £253,625.

This is based on house price inflation of 30.1%, between July 2020 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 3 LUCAN CLOSE of £195,000 on 24th July 2020. For the value to have increased from £195,000 to £253,625 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3 LUCAN CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LUCAN CLOSE has not materially changed since July 2020.

How Large is 3 LUCAN CLOSE?

3 LUCAN CLOSE is 88m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sibsey, and where 3 LUCAN CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 LUCAN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

3 LUCAN CLOSE: Plot and Title Map

3 LUCAN CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 3 LUCAN 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 LUCAN 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 LUCAN CLOSE?

3 LUCAN CLOSE is located in SIBSEY, in the PE22 postcode district. The below map shows the position of No. 3 on LUCAN CLOSE.