8, BISHOP CLOSE, DUNHOLME, LINCOLN, LN2 3US - £350,000

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.

8 BISHOP CLOSE is a large terraced house of 148m², built sometime from 2012 onwards, which could now be worth an estimated £463,016. It was last sold for £350,000 in June 2018, which was around 217% above the average June 2018 terraced price in the West Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

8 BISHOP CLOSE Sold Prices

Land registry data shows two sales for 8 BISHOP CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. Both of the two 8 BISHOP 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 4 JUN	£350,000	£110,426	217% above HPI
2002 28 MAR	£138,000	£44,978	207% above HPI

8 BISHOP CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The two 8 BISHOP CLOSE sales from March 2002 and June 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 March 2002 sale was for 207% above the HPI. So the extrapolation line tracks at 207% above the HPI over time, until the June 2018 sale, where it rises to 217% above the HPI. The line then continues to track at 217% above the HPI.

What might 8 BISHOP CLOSE be worth now?

8 BISHOP CLOSE might now be worth an estimated £463,016.

This is based on house price inflation of 32.3%, between June 2018 and April 2026, for terraced 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 32.3% inflationary increase is applied to the most recent sale price for 8 BISHOP CLOSE of £350,000 on 4th June 2018. For the value to have increased from £350,000 to £463,016 over the eight years and two months to April 2026, the following assumptions must hold true:

• The value of 8 BISHOP CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The June 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BISHOP CLOSE has not materially changed since June 2018.

How Large is 8 BISHOP CLOSE?

8 BISHOP CLOSE is 148m² according to the EPC inspection conducted in April 2018. This puts it in the largest 30% of terraced houses houses in Dunholme, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Dunholme, and where 8 BISHOP CLOSE lies on this distribution: 78% of terraced houses houses are smaller than 8 BISHOP CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Dunholme.

8 BISHOP CLOSE: Plot and Title Map

8 BISHOP CLOSE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 8 BISHOP 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 8 BISHOP 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 8 BISHOP CLOSE?

8 BISHOP CLOSE is located in DUNHOLME, in the LN2 postcode district. The below map shows the position of No. 8 on BISHOP CLOSE.