1, NEWTON CLOSE, METHERINGHAM, LINCOLN, LN4 3EQ - £137,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 NEWTON CLOSE is a large detached house of 114m², built sometime between 1967 and 1975. It was last sold for £137,000 in October 2012, which was around 22% below the average October 2012 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

1 NEWTON CLOSE Sold Prices

Land registry data shows three sales for 1 NEWTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 1 NEWTON 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
2012 12 OCT	£137,000	£176,113	22% below HPI
1998 31 MAR	£60,000	£67,479	11% below HPI
1996 27 SEP	£59,000	£62,929	6% below HPI

1 NEWTON 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 three 1 NEWTON CLOSE sales between September 1996 and October 2012 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 March 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2012 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 1 NEWTON CLOSE?

1 NEWTON CLOSE is 114m² according to the EPC inspection conducted in March 2012. This puts it in the largest 30% of detached houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses by size in Metheringham, and where 1 NEWTON CLOSE lies on this distribution: 78% of detached houses are smaller than 1 NEWTON CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

1 NEWTON CLOSE: Plot and Title Map

1 NEWTON CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 1 NEWTON 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 NEWTON 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 NEWTON CLOSE?

1 NEWTON CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 1 on NEWTON CLOSE.