11, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 MERCIA CLOSE is a large detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £332,975. It was last sold for £315,000 in August 2024, which was around 10% above the average August 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

11 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 11 MERCIA 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 11 MERCIA 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
2024 8 AUG	£315,000	£286,406	10% above HPI
2002 30 JUL	£135,000	£107,987	25% above HPI
1997 2 MAY	£84,950	£64,290	32% above HPI

11 MERCIA 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 11 MERCIA CLOSE sales between May 1997 and August 2024 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 July 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2024 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 11 MERCIA CLOSE be worth now?

11 MERCIA CLOSE might now be worth an estimated £332,975.

This is based on house price inflation of 5.7%, between August 2024 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 5.7% inflationary increase is applied to the most recent sale price for 11 MERCIA CLOSE of £315,000 on 8th August 2024. For the value to have increased from £315,000 to £332,975 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 11 MERCIA CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2024 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MERCIA CLOSE has not materially changed since August 2024.

How Large is 11 MERCIA CLOSE?

11 MERCIA CLOSE is 116m² according to the EPC inspection conducted in September 2023. This puts it in the largest 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 11 MERCIA CLOSE lies on this distribution: 64% of detached houses houses are smaller than 11 MERCIA CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

11 MERCIA CLOSE: Plot and Title Map

11 MERCIA CLOSE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 11 MERCIA 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 11 MERCIA 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 11 MERCIA CLOSE?

11 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 11 on MERCIA CLOSE.