1, MARTIN CLOSE, SKELLINGTHORPE, LINCOLN, LN6 5SD - £162,500

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 MARTIN CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £224,362. It was last sold for £162,500 in November 2016, which was around 26% below the average November 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

1 MARTIN CLOSE Sold Prices

Land registry data shows four sales for 1 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 1 MARTIN 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
2016 4 NOV	£162,500	£219,274	26% below HPI
2015 19 NOV	£131,000	£209,272	37% below HPI
1997 10 NOV	£46,000	£65,468	30% below HPI
1995 10 NOV	£46,000	£60,088	23% below HPI

1 MARTIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 1 MARTIN CLOSE sales between November 1995 and November 2016 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 November 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2016 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 MARTIN CLOSE be worth now?

1 MARTIN CLOSE might now be worth an estimated £224,362.

This is based on house price inflation of 38.1%, between November 2016 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.1% inflationary increase is applied to the most recent sale price for 1 MARTIN CLOSE of £162,500 on 4th November 2016. For the value to have increased from £162,500 to £224,362 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 MARTIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2016 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MARTIN CLOSE has not materially changed since November 2016.

How Large is 1 MARTIN CLOSE?

1 MARTIN CLOSE is 65m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of detached houses houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skellingthorpe, and where 1 MARTIN CLOSE lies on this distribution: 9% of detached houses houses are smaller than 1 MARTIN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

1 MARTIN CLOSE: Plot and Title Map

1 MARTIN CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 1 MARTIN 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 MARTIN 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 MARTIN CLOSE?

1 MARTIN CLOSE is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 1 on MARTIN CLOSE.