12, READING CLOSE, WASHINGBOROUGH, LINCOLN, LN4 1SL - £273,000

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 READING CLOSE is a very large extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £374,944. It was last sold for £273,000 in July 2016, which was around 24% above the average July 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

12 READING CLOSE Sold Prices

Land registry data shows two sales for 12 READING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 12 READING 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
2016 1 JUL	£273,000	£220,434	24% above HPI
1996 14 AUG	£69,000	£62,025	11% above HPI

12 READING 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 two 12 READING CLOSE sales from August 1996 and July 2016 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 1996 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2016 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 12 READING CLOSE be worth now?

12 READING CLOSE might now be worth an estimated £374,944.

This is based on house price inflation of 37.3%, between July 2016 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 37.3% inflationary increase is applied to the most recent sale price for 12 READING CLOSE of £273,000 on 1st July 2016. For the value to have increased from £273,000 to £374,944 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 12 READING CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2016 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 12 READING CLOSE has not materially changed since July 2016.

How Large is 12 READING CLOSE?

12 READING CLOSE is 146m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 20% 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 READING CLOSE lies on this distribution: 85% of detached houses houses are smaller than 12 READING CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Washingborough.

12 READING CLOSE: Plot and Title Map

12 READING CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 12 READING 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 READING 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 READING CLOSE?

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