3, WILLOUGHBY CLOSE, SILK WILLOUGHBY, SLEAFORD, NG34 8QY - £159,000

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 WILLOUGHBY CLOSE is a very small detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £238,595. It was last sold for £159,000 in October 2014, which was around 21% below the average October 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

3 WILLOUGHBY CLOSE Sold Prices

Land registry data shows two sales for 3 WILLOUGHBY 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 WILLOUGHBY 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
2014 15 OCT	£159,000	£201,752	21% below HPI
1997 17 OCT	£50,000	£64,932	23% below HPI

3 WILLOUGHBY 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 WILLOUGHBY CLOSE sales from October 1997 and October 2014 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 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2014 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 WILLOUGHBY CLOSE be worth now?

3 WILLOUGHBY CLOSE might now be worth an estimated £238,595.

This is based on house price inflation of 50.1%, between October 2014 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 50.1% inflationary increase is applied to the most recent sale price for 3 WILLOUGHBY CLOSE of £159,000 on 15th October 2014. For the value to have increased from £159,000 to £238,595 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 WILLOUGHBY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2014 sale price of £159,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WILLOUGHBY CLOSE has not materially changed since October 2014.

How Large is 3 WILLOUGHBY CLOSE?

3 WILLOUGHBY CLOSE is 67m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses houses in Silk Willoughby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Silk Willoughby, and where 3 WILLOUGHBY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 3 WILLOUGHBY CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Silk Willoughby.

3 WILLOUGHBY CLOSE: Plot and Title Map

3 WILLOUGHBY CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 3 WILLOUGHBY 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 WILLOUGHBY 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 WILLOUGHBY CLOSE?

3 WILLOUGHBY CLOSE is located in SILK WILLOUGHBY, in the NG34 postcode district. The below map shows the position of No. 3 on WILLOUGHBY CLOSE.