1, SOMERVILLE CLOSE, WADDINGTON, LINCOLN, LN5 9QP - £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 SOMERVILLE CLOSE is a small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £137,000 in May 2013, which was around 26% below the average May 2013 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 D.

1 SOMERVILLE CLOSE Sold Prices

Land registry data shows three sales for 1 SOMERVILLE 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 SOMERVILLE 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
2013 10 MAY	£137,000	£186,227	26% below HPI
2009 6 NOV	£144,500	£178,186	19% below HPI
2004 30 JUL	£133,000	£168,745	21% below HPI

1 SOMERVILLE 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 SOMERVILLE CLOSE sales between July 2004 and May 2013 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 2009 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2013 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 1 SOMERVILLE CLOSE?

1 SOMERVILLE CLOSE is 77m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 1 SOMERVILLE CLOSE lies on this distribution: 20% of detached houses are smaller than 1 SOMERVILLE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Waddington.

1 SOMERVILLE CLOSE: Plot and Title Map

1 SOMERVILLE CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 1 SOMERVILLE 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 SOMERVILLE 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 SOMERVILLE CLOSE?

1 SOMERVILLE CLOSE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 1 on SOMERVILLE CLOSE.