15, READING CLOSE, WASHINGBOROUGH, LINCOLN, LN4 1SL - £192,500

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.

15 READING CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £229,093. It was last sold for £192,500 in October 2019, which was around 24% below the average October 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

15 READING CLOSE Sold Prices

Land registry data shows four sales for 15 READING 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 North Kesteven local authority area for the corresponding sale date. All of the four 15 READING 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
2019 25 OCT	£192,500	£254,391	24% below HPI
2018 16 APR	£186,500	£237,895	22% below HPI
2017 12 OCT	£146,000	£233,828	38% below HPI
2013 13 SEP	£124,000	£184,777	33% below HPI

15 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 four 15 READING CLOSE sales between September 2013 and October 2019 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 April 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 READING CLOSE be worth now?

15 READING CLOSE might now be worth an estimated £229,093.

This is based on house price inflation of 19%, between October 2019 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 19% inflationary increase is applied to the most recent sale price for 15 READING CLOSE of £192,500 on 25th October 2019. For the value to have increased from £192,500 to £229,093 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 15 READING CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2019 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 15 READING CLOSE has not materially changed since October 2019.

How Large is 15 READING CLOSE?

15 READING CLOSE is 78m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 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 15 READING CLOSE lies on this distribution: 12% of detached houses houses are smaller than 15 READING CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Washingborough.

15 READING CLOSE: Plot and Title Map

15 READING CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 15 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 15 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 15 READING CLOSE?

15 READING CLOSE is located in WASHINGBOROUGH, in the LN4 postcode district. The below map shows the position of No. 15 on READING CLOSE.