14, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £289,950

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.

14 MERCIA CLOSE is a large extended detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £315,336. It was last sold for £289,950 in September 2021, which was around 4% above the average September 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

14 MERCIA CLOSE Sold Prices

Land registry data shows five sales for 14 MERCIA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the five 14 MERCIA 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 29 SEP	£289,950	£278,376	4% above HPI
2018 31 JAN	£218,000	£238,629	9% below HPI
2013 23 AUG	£166,000	£183,484	10% below HPI
2007 9 FEB	£168,500	£187,613	10% below HPI
1997 28 OCT	£67,950	£64,932	5% above HPI

14 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 five 14 MERCIA CLOSE sales between October 1997 and September 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 January 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 14 MERCIA CLOSE be worth now?

14 MERCIA CLOSE might now be worth an estimated £315,336.

This is based on house price inflation of 8.8%, between September 2021 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 8.8% inflationary increase is applied to the most recent sale price for 14 MERCIA CLOSE of £289,950 on 29th September 2021. For the value to have increased from £289,950 to £315,336 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 14 MERCIA CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2021 sale price of £289,950 represented a fair market value for the property.
• The size, condition, and specification of 14 MERCIA CLOSE has not materially changed since September 2021.

How Large is 14 MERCIA CLOSE?

14 MERCIA CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 40% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 14 MERCIA CLOSE lies on this distribution: 68% of detached houses houses are smaller than 14 MERCIA CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

14 MERCIA CLOSE: Plot and Title Map

14 MERCIA CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 14 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 14 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 14 MERCIA CLOSE?

14 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 14 on MERCIA CLOSE.