56, WESTGATE, LINCOLN, LN1 3BQ - £127,250

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.

56 WESTGATE is a very small extended terraced house of 54m², built sometime before 1900, which could now be worth an estimated £182,496. It was last sold for £127,250 in February 2017, which was around 14% above the average February 2017 terraced price in the Lincoln local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

56 WESTGATE Sold Prices

Land registry data shows three sales for 56 WESTGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lincoln local authority area for the corresponding sale date. All of the three 56 WESTGATE 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
2017 20 FEB	£127,250	£111,999	14% above HPI
2005 31 MAR	£120,000	£88,613	35% above HPI
2002 25 SEP	£65,000	£54,795	19% above HPI

56 WESTGATE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lincoln local authority area over time, sourced from the HPI. The three 56 WESTGATE sales between September 2002 and February 2017 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 March 2005 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2017 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 56 WESTGATE be worth now?

56 WESTGATE might now be worth an estimated £182,496.

This is based on house price inflation of 43.4%, between February 2017 and May 2026, for terraced houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.4% inflationary increase is applied to the most recent sale price for 56 WESTGATE of £127,250 on 20th February 2017. For the value to have increased from £127,250 to £182,496 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of 56 WESTGATE has moved in line with the HPI for terraced houses in the Lincoln local authority area.
• The February 2017 sale price of £127,250 represented a fair market value for the property.
• The size, condition, and specification of 56 WESTGATE has not materially changed since February 2017.

How Large is 56 WESTGATE?

56 WESTGATE is 54m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of terraced houses houses in Lincoln, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lincoln, and where 56 WESTGATE lies on this distribution: 3% of terraced houses houses are smaller than 56 WESTGATE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

56 WESTGATE: Plot and Title Map

56 WESTGATE sits on a plot of roughly 0.016 of an acre, or 64m². The below map shows the location of 56 WESTGATE, 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 56 WESTGATE). 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 56 WESTGATE?

56 WESTGATE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 56 on WESTGATE.