8, LUCAN CLOSE, SIBSEY, BOSTON, PE22 0SH - £185,000

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 LUCAN CLOSE is a very small detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £254,331. It was last sold for £185,000 in April 2018, which was around 11% below the average April 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

8 LUCAN CLOSE Sold Prices

Land registry data shows two sales for 8 LUCAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 8 LUCAN 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 30 APR	£185,000	£208,219	11% below HPI
2014 27 OCT	£155,000	£181,226	14% below HPI

8 LUCAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 8 LUCAN CLOSE sales from October 2014 and April 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 October 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2018 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 LUCAN CLOSE be worth now?

8 LUCAN CLOSE might now be worth an estimated £254,331.

This is based on house price inflation of 37.5%, between April 2018 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.5% inflationary increase is applied to the most recent sale price for 8 LUCAN CLOSE of £185,000 on 30th April 2018. For the value to have increased from £185,000 to £254,331 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 8 LUCAN CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2018 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LUCAN CLOSE has not materially changed since April 2018.

How Large is 8 LUCAN CLOSE?

8 LUCAN CLOSE is 82m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sibsey, and where 8 LUCAN CLOSE lies on this distribution: 15% of detached houses houses are smaller than 8 LUCAN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

8 LUCAN CLOSE: Plot and Title Map

8 LUCAN CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 8 LUCAN 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 LUCAN 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 LUCAN CLOSE?

8 LUCAN CLOSE is located in SIBSEY, in the PE22 postcode district. The below map shows the position of No. 8 on LUCAN CLOSE.