2, SADDLERS CLOSE, METHERINGHAM, LINCOLN, LN4 3YH - £325,000

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 SADDLERS CLOSE is a very large extended detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £310,231. It was last sold for £325,000 in February 2023, which was around 5% above the average February 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

2 SADDLERS CLOSE Sold Prices

Land registry data shows two sales for 2 SADDLERS 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 SADDLERS 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
2023 17 FEB	£325,000	£308,670	5% above HPI
1996 29 MAR	£59,995	£56,982	5% above HPI

2 SADDLERS 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 SADDLERS CLOSE sales from March 1996 and February 2023 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 1996 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2023 sale, which was also at 5% above the HPI.

What might 2 SADDLERS CLOSE be worth now?

2 SADDLERS CLOSE might now be worth an estimated £310,231.

This is based on house price deflation of 4.5%, between February 2023 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 4.5% deflationary decrease is applied to the most recent sale price for 2 SADDLERS CLOSE of £325,000 on 17th February 2023. For the value to have decreased from £325,000 to £310,231 over the two months to December 2024, the following assumptions must hold true:

• The value of 2 SADDLERS CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The February 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SADDLERS CLOSE has not materially changed since February 2023.

How Large is 2 SADDLERS CLOSE?

2 SADDLERS CLOSE is 130m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 20% 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 SADDLERS CLOSE lies on this distribution: 87% of detached houses houses are smaller than 2 SADDLERS CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

2 SADDLERS CLOSE: Plot and Title Map

2 SADDLERS CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 2 SADDLERS 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 SADDLERS 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 SADDLERS CLOSE?

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