3, JOHN SMITH CLOSE, WILLOUGHBY, ALFORD, LN13 9NZ - £225,000

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.

3 JOHN SMITH CLOSE is a small detached house of 89m², built sometime between 1996 and 2002, which could now be worth an estimated £283,681. It was last sold for £225,000 in September 2018, which was about the average September 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

3 JOHN SMITH CLOSE Sold Prices

Land registry data shows three sales for 3 JOHN SMITH 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 East Lindsey local authority area for the corresponding sale date. The three 3 JOHN SMITH CLOSE sales were a mix of roughly equal to the average price, and 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 28 SEP	£225,000	£225,953	Close to HPI
2016 7 JUN	£161,500	£193,773	17% below HPI
2008 14 MAR	£175,000	£179,210	2% below HPI

3 JOHN SMITH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 3 JOHN SMITH CLOSE sales between March 2008 and September 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 June 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 JOHN SMITH CLOSE be worth now?

3 JOHN SMITH CLOSE might now be worth an estimated £283,681.

This is based on house price inflation of 26.1%, between September 2018 and March 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.1% inflationary increase is applied to the most recent sale price for 3 JOHN SMITH CLOSE of £225,000 on 28th September 2018. For the value to have increased from £225,000 to £283,681 over the seven years and six months to March 2025, the following assumptions must hold true:

• The value of 3 JOHN SMITH CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 JOHN SMITH CLOSE has not materially changed since September 2018.

How Large is 3 JOHN SMITH CLOSE?

3 JOHN SMITH CLOSE is 89m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses houses in Willoughby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willoughby, and where 3 JOHN SMITH CLOSE lies on this distribution: 24% of detached houses houses are smaller than 3 JOHN SMITH CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Willoughby.

3 JOHN SMITH CLOSE: Plot and Title Map

3 JOHN SMITH CLOSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 3 JOHN SMITH 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 JOHN SMITH 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 JOHN SMITH CLOSE?

3 JOHN SMITH CLOSE is located in WILLOUGHBY, in the LN13 postcode district. The below map shows the position of No. 3 on JOHN SMITH CLOSE.