3, SPRING CLOSE, DUNHOLME, LINCOLN, LN2 3UL - £380,000

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 SPRING CLOSE is a large extended detached house of 150m², built sometime between 2003 and 2006, which could now be worth an estimated £386,668. It was last sold for £380,000 in February 2023, which was around 33% above the average February 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

3 SPRING CLOSE Sold Prices

Land registry data shows two sales for 3 SPRING 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. Both of the two 3 SPRING 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
2023 13 FEB	£380,000	£286,094	33% above HPI
2004 21 JUN	£250,000	£167,468	49% above HPI

3 SPRING 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 SPRING CLOSE sales from June 2004 and February 2023 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 2004 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the February 2023 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 3 SPRING CLOSE be worth now?

3 SPRING CLOSE might now be worth an estimated £386,668.

This is based on house price inflation of 1.8%, between February 2023 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.8% inflationary increase is applied to the most recent sale price for 3 SPRING CLOSE of £380,000 on 13th February 2023. For the value to have increased from £380,000 to £386,668 over the two years to February 2025, the following assumptions must hold true:

• The value of 3 SPRING CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2023 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING CLOSE has not materially changed since February 2023.

How Large is 3 SPRING CLOSE?

3 SPRING CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses houses in Dunholme, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dunholme, and where 3 SPRING CLOSE lies on this distribution: 79% of detached houses houses are smaller than 3 SPRING CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Dunholme.

3 SPRING CLOSE: Plot and Title Map

3 SPRING CLOSE sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 3 SPRING 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 SPRING 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 SPRING CLOSE?

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