3, PATRICKS CLOSE, NORTH KELSEY, MARKET RASEN, LN7 6LH - £249,000

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

3 PATRICKS CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £249,000 in March 2024, which was around 10% below the average March 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

3 PATRICKS CLOSE Sold Prices

Land registry data shows three sales for 3 PATRICKS 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 West Lindsey local authority area for the corresponding sale date. All of the three 3 PATRICKS 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
2024 1 MAR	£249,000	£275,980	10% below HPI
2022 25 MAY	£137,000	£272,750	50% below HPI
1997 26 AUG	£49,000	£66,968	27% below HPI

3 PATRICKS 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 three 3 PATRICKS CLOSE sales between August 1997 and March 2024 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 May 2022 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 PATRICKS CLOSE?

3 PATRICKS CLOSE is 75m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where 3 PATRICKS CLOSE lies on this distribution: 10% of detached houses are smaller than 3 PATRICKS CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

3 PATRICKS CLOSE: Plot and Title Map

3 PATRICKS CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 3 PATRICKS 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 PATRICKS 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 PATRICKS CLOSE?

3 PATRICKS CLOSE is located in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 3 on PATRICKS CLOSE.