4, CHAPEL CLOSE, REEPHAM, LINCOLN, LN3 4EJ - £178,000

4 CHAPEL CLOSE is a very small detached house of 59m², built sometime between 1983 and 1990. It was last sold for £178,000 in December 2018, which was around 19% below the average December 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

4 CHAPEL CLOSE Sold Prices

Land registry data shows three sales for 4 CHAPEL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 4 CHAPEL 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 19 DEC	£178,000	£219,536	19% below HPI
1996 12 JUL	£47,000	£61,200	23% below HPI
1996 31 MAY	£40,000	£61,902	35% below HPI

4 CHAPEL 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 three 4 CHAPEL CLOSE sales between May 1996 and December 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 July 1996 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 4 CHAPEL CLOSE?

4 CHAPEL CLOSE is 59m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 4 CHAPEL CLOSE lies on this distribution: 1% of detached houses are smaller than 4 CHAPEL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Reepham.

4 CHAPEL CLOSE: Plot and Title Map

4 CHAPEL CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 4 CHAPEL 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 4 CHAPEL 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 4 CHAPEL CLOSE?

4 CHAPEL CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 4 on CHAPEL CLOSE.