12, MICHAELGATE, LINCOLN, LN1 3BT - £291,000

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.

12 MICHAELGATE is a detached house, which could now be worth an estimated £468,248. It was last sold for £291,000 in October 2013, which was around 51% above the average October 2013 detached price in the Lincoln local authority area.

12 MICHAELGATE Sold Prices

Land registry data shows three sales for 12 MICHAELGATE 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. All of the three 12 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
2013 21 OCT	£291,000	£192,478	51% above HPI
2005 16 DEC	£275,000	£179,891	53% above HPI
2004 30 NOV	£270,000	£177,454	52% above HPI

What might 12 MICHAELGATE be worth now?

12 MICHAELGATE might now be worth an estimated £468,248.

This is based on house price inflation of 60.9%, between October 2013 and May 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 60.9% inflationary increase is applied to the most recent sale price for 12 MICHAELGATE of £291,000 on 21st October 2013. For the value to have increased from £291,000 to £468,248 over the thirteen years and five months to May 2026, the following assumptions must hold true:

• The value of 12 MICHAELGATE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The October 2013 sale price of £291,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MICHAELGATE has not materially changed since October 2013.

Where is 12 MICHAELGATE?

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