3, ROMAN CLOSE, METHERINGHAM, LINCOLN, LN4 3HS - £160,000

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 ROMAN CLOSE is a small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £218,875. It was last sold for £160,000 in September 2016, which was around 28% below the average September 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was A.

3 ROMAN CLOSE Sold Prices

Land registry data shows two sales for 3 ROMAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 3 ROMAN 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
2016 23 SEP	£160,000	£221,313	28% below HPI
1998 27 MAR	£41,000	£66,624	38% below HPI

3 ROMAN 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 two 3 ROMAN CLOSE sales from March 1998 and September 2016 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 March 1998 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 ROMAN CLOSE be worth now?

3 ROMAN CLOSE might now be worth an estimated £218,875.

This is based on house price inflation of 36.8%, between September 2016 and February 2025, 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 36.8% inflationary increase is applied to the most recent sale price for 3 ROMAN CLOSE of £160,000 on 23rd September 2016. For the value to have increased from £160,000 to £218,875 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 ROMAN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2016 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROMAN CLOSE has not materially changed since September 2016.

How Large is 3 ROMAN CLOSE?

3 ROMAN CLOSE is 79m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 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 ROMAN CLOSE lies on this distribution: 31% of detached houses houses are smaller than 3 ROMAN CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

3 ROMAN CLOSE: Plot and Title Map

3 ROMAN CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 3 ROMAN 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 ROMAN 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 ROMAN CLOSE?

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