10, GIBSON CLOSE, SLEAFORD, NG34 8BB - £299,950

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

10 GIBSON CLOSE is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £295,139. It was last sold for £299,950 in May 2022, which was about the average May 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

10 GIBSON CLOSE Sold Prices

Land registry data shows three sales for 10 GIBSON 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. The three 10 GIBSON CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2022 17 MAY	£299,950	£299,446	Close to HPI
2017 6 JAN	£190,000	£222,916	15% below HPI
1999 22 JAN	£74,995	£69,396	8% above HPI

10 GIBSON 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 10 GIBSON CLOSE sales between January 1999 and May 2022 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 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 10 GIBSON CLOSE be worth now?

10 GIBSON CLOSE might now be worth an estimated £295,139.

This is based on house price deflation of 1.6%, between May 2022 and December 2024, 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 1.6% deflationary decrease is applied to the most recent sale price for 10 GIBSON CLOSE of £299,950 on 17th May 2022. For the value to have decreased from £299,950 to £295,139 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 10 GIBSON CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2022 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 10 GIBSON CLOSE has not materially changed since May 2022.

How Large is 10 GIBSON CLOSE?

10 GIBSON CLOSE is 94m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 40% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 10 GIBSON CLOSE lies on this distribution: 37% of detached houses houses are smaller than 10 GIBSON CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

10 GIBSON CLOSE: Plot and Title Map

10 GIBSON CLOSE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 10 GIBSON 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 10 GIBSON 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 10 GIBSON CLOSE?

10 GIBSON CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 10 on GIBSON CLOSE.