7, CHIPPENDALE CLOSE, LINCOLN, LN6 3PR - £230,000

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 CHIPPENDALE CLOSE is a small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £309,084. It was last sold for £230,000 in July 2017, which was about the average July 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

7 CHIPPENDALE CLOSE Sold Prices

Land registry data shows three sales for 7 CHIPPENDALE 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 Lincoln local authority area for the corresponding sale date. The three 7 CHIPPENDALE CLOSE sales were a mix of roughly equal to the average price, and 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
2017 21 JUL	£230,000	£229,436	Close to HPI
2014 12 NOV	£165,000	£206,477	20% below HPI
1995 27 FEB	£52,000	£61,259	15% below HPI

7 CHIPPENDALE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The three 7 CHIPPENDALE CLOSE sales between February 1995 and July 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 November 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2017 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 CHIPPENDALE CLOSE be worth now?

7 CHIPPENDALE CLOSE might now be worth an estimated £309,084.

This is based on house price inflation of 34.4%, between July 2017 and April 2026, for 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 34.4% inflationary increase is applied to the most recent sale price for 7 CHIPPENDALE CLOSE of £230,000 on 21st July 2017. For the value to have increased from £230,000 to £309,084 over the nine years and three months to April 2026, the following assumptions must hold true:

• The value of 7 CHIPPENDALE CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The July 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHIPPENDALE CLOSE has not materially changed since July 2017.

How Large is 7 CHIPPENDALE CLOSE?

7 CHIPPENDALE CLOSE is 76m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 7 CHIPPENDALE CLOSE lies on this distribution: 20% of detached houses houses are smaller than 7 CHIPPENDALE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 CHIPPENDALE CLOSE: Plot and Title Map

7 CHIPPENDALE CLOSE sits on a plot of roughly 0.149 of an acre, or 602m². The below map shows the location of 7 CHIPPENDALE 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 CHIPPENDALE 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 CHIPPENDALE CLOSE?

7 CHIPPENDALE CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 7 on CHIPPENDALE CLOSE.