12, MILTON CLOSE, CHERRY WILLINGHAM, LINCOLN, LN3 4RA - £231,000

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 MILTON CLOSE is a very small detached house of 65m², built sometime between 2003 and 2006, which could now be worth an estimated £256,133. It was last sold for £231,000 in June 2021, which was around 12% below the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

12 MILTON CLOSE Sold Prices

Land registry data shows four sales for 12 MILTON 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 West Lindsey local authority area for the corresponding sale date. All of the four 12 MILTON 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
2021 30 JUN	£231,000	£262,548	12% below HPI
2013 12 NOV	£152,000	£187,316	19% below HPI
2010 29 OCT	£160,000	£196,030	18% below HPI
2003 21 NOV	£119,000	£150,234	21% below HPI

12 MILTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 12 MILTON CLOSE sales between November 2003 and June 2021 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 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 12 MILTON CLOSE be worth now?

12 MILTON CLOSE might now be worth an estimated £256,133.

This is based on house price inflation of 10.9%, between June 2021 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 12 MILTON CLOSE of £231,000 on 30th June 2021. For the value to have increased from £231,000 to £256,133 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 12 MILTON CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2021 sale price of £231,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILTON CLOSE has not materially changed since June 2021.

How Large is 12 MILTON CLOSE?

12 MILTON CLOSE is 65m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of detached houses houses in Cherry Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cherry Willingham, and where 12 MILTON CLOSE lies on this distribution: 9% of detached houses houses are smaller than 12 MILTON CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Cherry Willingham.

12 MILTON CLOSE: Plot and Title Map

12 MILTON CLOSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 12 MILTON 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 MILTON 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 MILTON CLOSE?

12 MILTON CLOSE is located in CHERRY WILLINGHAM, in the LN3 postcode district. The below map shows the position of No. 12 on MILTON CLOSE.