7, CARRAM CLOSE, LINCOLN, LN1 1EP - £196,000

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.

7 CARRAM CLOSE is a small semi-detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £250,206. It was last sold for £196,000 in August 2018, which was around 25% above the average August 2018 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

7 CARRAM CLOSE Sold Prices

Land registry data shows three sales for 7 CARRAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. All of the three 7 CARRAM 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
2018 24 AUG	£196,000	£156,847	25% above HPI
2011 10 JUN	£137,500	£115,656	19% above HPI
2008 5 DEC	£155,000	£112,175	38% above HPI

7 CARRAM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The three 7 CARRAM CLOSE sales between December 2008 and August 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 2011 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2018 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 7 CARRAM CLOSE be worth now?

7 CARRAM CLOSE might now be worth an estimated £250,206.

This is based on house price inflation of 27.7%, between August 2018 and February 2025, for semi-detached 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 27.7% inflationary increase is applied to the most recent sale price for 7 CARRAM CLOSE of £196,000 on 24th August 2018. For the value to have increased from £196,000 to £250,206 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 7 CARRAM CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The August 2018 sale price of £196,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CARRAM CLOSE has not materially changed since August 2018.

How Large is 7 CARRAM CLOSE?

7 CARRAM CLOSE is 86m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 40% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 7 CARRAM CLOSE lies on this distribution: 34% of semi-detached houses houses are smaller than 7 CARRAM CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 CARRAM CLOSE: Plot and Title Map

7 CARRAM CLOSE sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 7 CARRAM 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 7 CARRAM 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 7 CARRAM CLOSE?

7 CARRAM CLOSE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 7 on CARRAM CLOSE.