2, FRANKLIN CLOSE, METHERINGHAM, LINCOLN, LN4 3EP - £195,000

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

2 FRANKLIN CLOSE is a small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £206,395. It was last sold for £195,000 in September 2021, which was around 30% below the average September 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 FRANKLIN CLOSE Sold Prices

Land registry data shows two sales for 2 FRANKLIN 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 2 FRANKLIN 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 24 SEP	£195,000	£278,376	30% below HPI
2004 26 MAR	£107,000	£156,713	32% below HPI

2 FRANKLIN 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 2 FRANKLIN CLOSE sales from March 2004 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 March 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 FRANKLIN CLOSE be worth now?

2 FRANKLIN CLOSE might now be worth an estimated £206,395.

This is based on house price inflation of 5.8%, between September 2021 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 5.8% inflationary increase is applied to the most recent sale price for 2 FRANKLIN CLOSE of £195,000 on 24th September 2021. For the value to have increased from £195,000 to £206,395 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 FRANKLIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2021 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRANKLIN CLOSE has not materially changed since September 2021.

How Large is 2 FRANKLIN CLOSE?

2 FRANKLIN CLOSE is 82m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% 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 2 FRANKLIN CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 FRANKLIN CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

2 FRANKLIN CLOSE: Plot and Title Map

2 FRANKLIN CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 2 FRANKLIN 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 2 FRANKLIN 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 2 FRANKLIN CLOSE?

2 FRANKLIN CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 2 on FRANKLIN CLOSE.