12, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £307,000

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

12 MERCIA CLOSE is a large extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £307,000 in May 2022, which was around 1% above the average May 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

12 MERCIA CLOSE Sold Prices

Land registry data shows four sales for 12 MERCIA 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. Most of the four 12 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
2022 20 MAY	£307,000	£303,288	1% above HPI
2017 11 AUG	£220,000	£235,233	6% below HPI
2001 29 JUN	£96,500	£84,634	14% above HPI
1997 28 NOV	£72,950	£66,308	10% above HPI

12 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 four 12 MERCIA CLOSE sales between November 1997 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 August 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 12 MERCIA CLOSE?

12 MERCIA CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 40% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 12 MERCIA CLOSE lies on this distribution: 62% of detached houses are smaller than 12 MERCIA CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

12 MERCIA CLOSE: Plot and Title Map

12 MERCIA CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 12 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 12 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 12 MERCIA CLOSE?

12 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 12 on MERCIA CLOSE.