12, LEICESTER CLOSE, WASHINGBOROUGH, LINCOLN, LN4 1DS - £227,000

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.

12 LEICESTER CLOSE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £273,174. It was last sold for £227,000 in February 2019, which was around 10% below the average February 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

12 LEICESTER CLOSE Sold Prices

Land registry data shows four sales for 12 LEICESTER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 12 LEICESTER 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
2019 15 FEB	£227,000	£251,576	10% below HPI
2007 28 NOV	£157,000	£195,695	20% below HPI
2000 17 MAR	£60,000	£73,409	18% below HPI
1997 28 NOV	£60,000	£65,468	8% below HPI

12 LEICESTER 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 four 12 LEICESTER CLOSE sales between November 1997 and February 2019 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 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 12 LEICESTER CLOSE be worth now?

12 LEICESTER CLOSE might now be worth an estimated £273,174.

This is based on house price inflation of 20.3%, between February 2019 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 20.3% inflationary increase is applied to the most recent sale price for 12 LEICESTER CLOSE of £227,000 on 15th February 2019. For the value to have increased from £227,000 to £273,174 over the six years to February 2025, the following assumptions must hold true:

• The value of 12 LEICESTER CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The February 2019 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LEICESTER CLOSE has not materially changed since February 2019.

How Large is 12 LEICESTER CLOSE?

12 LEICESTER CLOSE is 88m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of detached houses houses in Washingborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Washingborough, and where 12 LEICESTER CLOSE lies on this distribution: 20% of detached houses houses are smaller than 12 LEICESTER CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Washingborough.

12 LEICESTER CLOSE: Plot and Title Map

12 LEICESTER CLOSE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 12 LEICESTER 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 LEICESTER 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 LEICESTER CLOSE?

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