3, CHESTNUT CLOSE, METHERINGHAM, LINCOLN, LN4 3FB - £169,000

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

3 CHESTNUT CLOSE is a large detached house of 105m², built sometime between 2003 and 2006, which could now be worth an estimated £284,723. It was last sold for £169,000 in March 2013, which was around 3% below the average March 2013 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

3 CHESTNUT CLOSE Sold Prices

Land registry data shows four sales for 3 CHESTNUT 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. Most of the four 3 CHESTNUT 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
2013 1 MAR	£169,000	£174,888	3% below HPI
2007 7 SEP	£163,000	£201,605	19% below HPI
2004 7 APR	£133,000	£158,106	16% below HPI
1999 13 SEP	£74,250	£71,637	4% above HPI

3 CHESTNUT 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 3 CHESTNUT CLOSE sales between September 1999 and March 2013 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 September 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2013 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 CHESTNUT CLOSE be worth now?

3 CHESTNUT CLOSE might now be worth an estimated £284,723.

This is based on house price inflation of 68.5%, between March 2013 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 68.5% inflationary increase is applied to the most recent sale price for 3 CHESTNUT CLOSE of £169,000 on 1st March 2013. For the value to have increased from £169,000 to £284,723 over the ten years and three months to December 2024, the following assumptions must hold true:

• The value of 3 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2013 sale price of £169,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHESTNUT CLOSE has not materially changed since March 2013.

How Large is 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is 105m² according to the EPC inspection conducted in March 2024. This puts it in the largest 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 3 CHESTNUT CLOSE lies on this distribution: 68% of detached houses houses are smaller than 3 CHESTNUT CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

3 CHESTNUT CLOSE: Plot and Title Map

3 CHESTNUT CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 3 CHESTNUT 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 3 CHESTNUT 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 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 3 on CHESTNUT CLOSE.