12, GRANARY CLOSE, METHERINGHAM, LINCOLN, LN4 3HY - £242,000

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

12 GRANARY CLOSE is a very large extended detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £304,940. It was last sold for £242,000 in October 2017, which was around 3% above the average October 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

12 GRANARY CLOSE Sold Prices

Land registry data shows three sales for 12 GRANARY 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. Two of the three 12 GRANARY CLOSE sales were for above the average price, whilst one was 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
2017 12 OCT	£242,000	£233,828	3% above HPI
2006 4 AUG	£182,000	£183,410	1% below HPI
2000 24 MAY	£87,500	£76,323	15% above HPI

12 GRANARY 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 12 GRANARY CLOSE sales between May 2000 and October 2017 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 August 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2017 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 12 GRANARY CLOSE be worth now?

12 GRANARY CLOSE might now be worth an estimated £304,940.

This is based on house price inflation of 26%, between October 2017 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 26% inflationary increase is applied to the most recent sale price for 12 GRANARY CLOSE of £242,000 on 12th October 2017. For the value to have increased from £242,000 to £304,940 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 12 GRANARY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2017 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GRANARY CLOSE has not materially changed since October 2017.

How Large is 12 GRANARY CLOSE?

12 GRANARY CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 20% of detached houses houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Metheringham, and where 12 GRANARY CLOSE lies on this distribution: 81% of detached houses houses are smaller than 12 GRANARY CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

12 GRANARY CLOSE: Plot and Title Map

12 GRANARY CLOSE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 12 GRANARY 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 12 GRANARY 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 12 GRANARY CLOSE?

12 GRANARY CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 12 on GRANARY CLOSE.