12, WESLEY CLOSE, METHERINGHAM, LINCOLN, LN4 3UF - £149,950

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 WESLEY CLOSE is a midsized detached house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £238,983. It was last sold for £149,950 in January 2011, which was around 19% below the average January 2011 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

12 WESLEY CLOSE Sold Prices

Land registry data shows two sales for 12 WESLEY 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 WESLEY 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
2011 17 JAN	£149,950	£184,874	19% below HPI
2004 2 FEB	£117,500	£155,883	25% below HPI

12 WESLEY 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 WESLEY CLOSE sales from February 2004 and January 2011 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 February 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2011 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 12 WESLEY CLOSE be worth now?

12 WESLEY CLOSE might now be worth an estimated £238,983.

This is based on house price inflation of 59.4%, between January 2011 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 59.4% inflationary increase is applied to the most recent sale price for 12 WESLEY CLOSE of £149,950 on 17th January 2011. For the value to have increased from £149,950 to £238,983 over the twelve years and one month to December 2024, the following assumptions must hold true:

• The value of 12 WESLEY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2011 sale price of £149,950 represented a fair market value for the property.
• The size, condition, and specification of 12 WESLEY CLOSE has not materially changed since January 2011.

How Large is 12 WESLEY CLOSE?

12 WESLEY CLOSE is 86m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 50% 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 WESLEY CLOSE lies on this distribution: 46% of detached houses houses are smaller than 12 WESLEY CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

12 WESLEY CLOSE: Plot and Title Map

12 WESLEY CLOSE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 12 WESLEY 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 WESLEY 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 WESLEY CLOSE?

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