4, MARTIN CLOSE, SKELLINGTHORPE, LINCOLN, LN6 5SD - £215,000

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.

4 MARTIN CLOSE is a very small detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £212,290. It was last sold for £215,000 in July 2022, which was around 30% below the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

4 MARTIN CLOSE Sold Prices

Land registry data shows four sales for 4 MARTIN 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 North Kesteven local authority area for the corresponding sale date. All of the four 4 MARTIN 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
2022 21 JUL	£215,000	£306,614	30% below HPI
2021 21 OCT	£179,000	£282,006	37% below HPI
2015 30 JAN	£138,000	£198,890	31% below HPI
2014 10 JAN	£132,000	£182,558	28% below HPI

4 MARTIN 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 four 4 MARTIN CLOSE sales between January 2014 and July 2022 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 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 4 MARTIN CLOSE be worth now?

4 MARTIN CLOSE might now be worth an estimated £212,290.

This is based on house price deflation of 1.3%, between July 2022 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 1.3% deflationary decrease is applied to the most recent sale price for 4 MARTIN CLOSE of £215,000 on 21st July 2022. For the value to have decreased from £215,000 to £212,290 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 4 MARTIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2022 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MARTIN CLOSE has not materially changed since July 2022.

How Large is 4 MARTIN CLOSE?

4 MARTIN CLOSE is 63m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skellingthorpe, and where 4 MARTIN CLOSE lies on this distribution: 6% of detached houses houses are smaller than 4 MARTIN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

4 MARTIN CLOSE: Plot and Title Map

4 MARTIN CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 4 MARTIN 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 4 MARTIN 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 4 MARTIN CLOSE?

4 MARTIN CLOSE is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 4 on MARTIN CLOSE.