2, BAILGATE, LINCOLN, LN1 3AE - £1,000,000

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.

2 BAILGATE is a detached house, which could now be worth an estimated £1,058,044. It was last sold for £1,000,000 in July 2022, which was around 242% above the average July 2022 detached price in the Lincoln local authority area.

2 BAILGATE Sold Prices

Land registry data shows two sales for 2 BAILGATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 2 BAILGATE 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
2022 4 JUL	£1,000,000	£292,725	242% above HPI
2000 25 SEP	£95,000	£80,306	18% above HPI

What might 2 BAILGATE be worth now?

2 BAILGATE might now be worth an estimated £1,058,044.

This is based on house price inflation of 5.8%, between July 2022 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 5.8% inflationary increase is applied to the most recent sale price for 2 BAILGATE of £1,000,000 on 4th July 2022. For the value to have increased from £1,000,000 to £1,058,044 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 2 BAILGATE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The July 2022 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BAILGATE has not materially changed since July 2022.

Where is 2 BAILGATE?

2 BAILGATE is located in LINCOLN, in the LN1 postcode district.