10, MICHAELGATE, LINCOLN, LN1 3BT - £390,000

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.

10 MICHAELGATE is a terraced house, which could now be worth an estimated £487,561. It was last sold for £390,000 in April 2019, which was around 204% above the average April 2019 terraced price in the Lincoln local authority area.

10 MICHAELGATE Sold Prices

Land registry data shows four sales for 10 MICHAELGATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Lincoln local authority area for the corresponding sale date. All of the four 10 MICHAELGATE 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
2019 12 APR	£390,000	£128,483	204% above HPI
2016 30 SEP	£344,000	£116,654	195% above HPI
2013 1 MAR	£285,000	£91,720	211% above HPI
2004 29 OCT	£309,995	£88,288	251% above HPI

What might 10 MICHAELGATE be worth now?

10 MICHAELGATE might now be worth an estimated £487,561.

This is based on house price inflation of 25%, between April 2019 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 25% inflationary increase is applied to the most recent sale price for 10 MICHAELGATE of £390,000 on 12th April 2019. For the value to have increased from £390,000 to £487,561 over the six years and eleven months to May 2026, the following assumptions must hold true:

• The value of 10 MICHAELGATE has moved in line with the HPI for terraced houses in the Lincoln local authority area.
• The April 2019 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MICHAELGATE has not materially changed since April 2019.

Where is 10 MICHAELGATE?

10 MICHAELGATE is located in LINCOLN, in the LN1 postcode district.