21, SOMERVILLE CLOSE, WADDINGTON, LINCOLN, LN5 9QP - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

21 SOMERVILLE CLOSE is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £175,000 in July 2018, which was around 30% below the average July 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2018, where the current energy rating was E, and the potential energy rating was D.

21 SOMERVILLE CLOSE Sold Prices

Land registry data shows four sales for 21 SOMERVILLE 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 21 SOMERVILLE 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
2018 11 JUL	£175,000	£250,557	30% below HPI
2014 1 APR	£159,950	£192,004	17% below HPI
2005 18 JUL	£156,000	£179,501	13% below HPI
2000 13 OCT	£59,500	£81,391	27% below HPI

21 SOMERVILLE 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 21 SOMERVILLE CLOSE sales between October 2000 and July 2018 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 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 21 SOMERVILLE CLOSE?

21 SOMERVILLE CLOSE is 62m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 21 SOMERVILLE CLOSE lies on this distribution: 4% of detached houses are smaller than 21 SOMERVILLE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Waddington.

21 SOMERVILLE CLOSE: Plot and Title Map

21 SOMERVILLE CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 21 SOMERVILLE 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 21 SOMERVILLE 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 21 SOMERVILLE CLOSE?

21 SOMERVILLE CLOSE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 21 on SOMERVILLE CLOSE.