1, CARPENTERS CLOSE, REEPHAM, LINCOLN, LN3 4DD - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CARPENTERS CLOSE is a small semi-detached house of 113m², built sometime between 2003 and 2006, which could now be worth an estimated £325,526. It was last sold for £285,000 in October 2021, which was around 78% above the average October 2021 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

1 CARPENTERS CLOSE Sold Prices

Land registry data shows four sales for 1 CARPENTERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 1 CARPENTERS 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
2021 15 OCT	£285,000	£160,476	78% above HPI
2021 8 JAN	£262,500	£152,972	72% above HPI
2015 5 JAN	£207,500	£118,089	76% above HPI
2006 5 MAY	£210,000	£113,597	85% above HPI

1 CARPENTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 1 CARPENTERS CLOSE sales between May 2006 and October 2021 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 January 2021 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the October 2021 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 1 CARPENTERS CLOSE be worth now?

1 CARPENTERS CLOSE might now be worth an estimated £325,526.

This is based on house price inflation of 14.2%, between October 2021 and December 2024, for semi-detached 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 14.2% inflationary increase is applied to the most recent sale price for 1 CARPENTERS CLOSE of £285,000 on 15th October 2021. For the value to have increased from £285,000 to £325,526 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 1 CARPENTERS CLOSE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The October 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CARPENTERS CLOSE has not materially changed since October 2021.

How Large is 1 CARPENTERS CLOSE?

1 CARPENTERS CLOSE is 113m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of semi-detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reepham, and where 1 CARPENTERS CLOSE lies on this distribution: 39% of semi-detached houses houses are smaller than 1 CARPENTERS CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Reepham.

1 CARPENTERS CLOSE: Plot and Title Map

1 CARPENTERS CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 1 CARPENTERS 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 1 CARPENTERS 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 1 CARPENTERS CLOSE?

1 CARPENTERS CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 1 on CARPENTERS CLOSE.