16, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £335,000

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.

16 MERCIA CLOSE is a small detached house of 89m², built sometime between 1996 and 2002, which could now be worth an estimated £330,777. It was last sold for £335,000 in July 2022, which was around 9% above the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

16 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 16 MERCIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 16 MERCIA 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
2022 27 JUL	£335,000	£306,614	9% above HPI
2008 25 JAN	£210,000	£188,606	11% above HPI
1997 8 AUG	£76,950	£65,686	17% above HPI

16 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 three 16 MERCIA CLOSE sales between August 1997 and July 2022 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 2008 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2022 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 16 MERCIA CLOSE be worth now?

16 MERCIA CLOSE might now be worth an estimated £330,777.

This is based on house price deflation of 1.3%, between July 2022 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 1.3% deflationary decrease is applied to the most recent sale price for 16 MERCIA CLOSE of £335,000 on 27th July 2022. For the value to have decreased from £335,000 to £330,777 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 16 MERCIA CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MERCIA CLOSE has not materially changed since July 2022.

How Large is 16 MERCIA CLOSE?

16 MERCIA CLOSE is 89m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 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 16 MERCIA CLOSE lies on this distribution: 31% of detached houses houses are smaller than 16 MERCIA CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

16 MERCIA CLOSE: Plot and Title Map

16 MERCIA CLOSE sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 16 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 16 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 16 MERCIA CLOSE?

16 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 16 on MERCIA CLOSE.