15, DISCOVERY CLOSE, SLEAFORD, NG34 7XN - £118,000

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

15 DISCOVERY CLOSE is a very small semi-detached house of 60m², built sometime between 2003 and 2006, which could now be worth an estimated £184,571. It was last sold for £118,000 in May 2014, which was around 7% below the average May 2014 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

15 DISCOVERY CLOSE Sold Prices

Land registry data shows two sales for 15 DISCOVERY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 15 DISCOVERY 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
2014 9 MAY	£118,000	£127,033	7% below HPI
2003 8 AUG	£87,000	£93,085	7% below HPI

15 DISCOVERY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 15 DISCOVERY CLOSE sales from August 2003 and May 2014 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 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2014 sale, which was also at 7% below the HPI.

What might 15 DISCOVERY CLOSE be worth now?

15 DISCOVERY CLOSE might now be worth an estimated £184,571.

This is based on house price inflation of 56.4%, between May 2014 and December 2024, for semi-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 56.4% inflationary increase is applied to the most recent sale price for 15 DISCOVERY CLOSE of £118,000 on 9th May 2014. For the value to have increased from £118,000 to £184,571 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 15 DISCOVERY CLOSE has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The May 2014 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 15 DISCOVERY CLOSE has not materially changed since May 2014.

How Large is 15 DISCOVERY CLOSE?

15 DISCOVERY CLOSE is 60m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of semi-detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sleaford, and where 15 DISCOVERY CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 15 DISCOVERY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

15 DISCOVERY CLOSE: Plot and Title Map

15 DISCOVERY CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 15 DISCOVERY 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 15 DISCOVERY 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 15 DISCOVERY CLOSE?

15 DISCOVERY CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 15 on DISCOVERY CLOSE.