3, MELLOWS CLOSE, REEPHAM, LINCOLN, LN3 4DT - £173,000

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 MELLOWS CLOSE is a small extended detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £282,530. It was last sold for £173,000 in December 2011, which was around 3% below the average December 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

3 MELLOWS CLOSE Sold Prices

Land registry data shows four sales for 3 MELLOWS 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 West Lindsey local authority area for the corresponding sale date. The four 3 MELLOWS CLOSE sales were a mix of below the average price, and roughly equal to 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
2011 16 DEC	£173,000	£178,256	3% below HPI
2007 5 OCT	£182,500	£204,020	11% below HPI
2003 10 FEB	£130,000	£130,342	Close to HPI
1998 11 SEP	£57,000	£72,279	21% below HPI

3 MELLOWS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 3 MELLOWS CLOSE sales between September 1998 and December 2011 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 October 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2011 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 MELLOWS CLOSE be worth now?

3 MELLOWS CLOSE might now be worth an estimated £282,530.

This is based on house price inflation of 63.3%, between December 2011 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.3% inflationary increase is applied to the most recent sale price for 3 MELLOWS CLOSE of £173,000 on 16th December 2011. For the value to have increased from £173,000 to £282,530 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 MELLOWS CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2011 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MELLOWS CLOSE has not materially changed since December 2011.

How Large is 3 MELLOWS CLOSE?

3 MELLOWS CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reepham, and where 3 MELLOWS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 3 MELLOWS CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Reepham.

3 MELLOWS CLOSE: Plot and Title Map

3 MELLOWS CLOSE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 3 MELLOWS 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 MELLOWS 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 MELLOWS CLOSE?

3 MELLOWS CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 3 on MELLOWS CLOSE.