4, MONKS CLOSE, SLEAFORD, NG34 7XY - £215,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 MONKS CLOSE is a midsized detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £284,993. It was last sold for £215,000 in December 2016, which was around 3% below the average December 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

4 MONKS CLOSE Sold Prices

Land registry data shows three sales for 4 MONKS 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 North Kesteven local authority area for the corresponding sale date. The three 4 MONKS CLOSE sales were a mix of below the average price, roughly equal to the average price, and above 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 16 DEC	£215,000	£222,280	3% below HPI
2005 11 AUG	£179,000	£178,974	Close to HPI
2003 31 OCT	£162,000	£146,565	11% above HPI

4 MONKS 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 three 4 MONKS CLOSE sales between October 2003 and December 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 August 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2016 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 4 MONKS CLOSE be worth now?

4 MONKS CLOSE might now be worth an estimated £284,993.

This is based on house price inflation of 32.6%, between December 2016 and December 2024, 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 32.6% inflationary increase is applied to the most recent sale price for 4 MONKS CLOSE of £215,000 on 16th December 2016. For the value to have increased from £215,000 to £284,993 over the eight years to December 2024, the following assumptions must hold true:

• The value of 4 MONKS CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2016 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MONKS CLOSE has not materially changed since December 2016.

How Large is 4 MONKS CLOSE?

4 MONKS CLOSE is 109m² according to the EPC inspection conducted in July 2014. This puts it in the largest 50% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 4 MONKS CLOSE lies on this distribution: 54% of detached houses houses are smaller than 4 MONKS CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

4 MONKS CLOSE: Plot and Title Map

4 MONKS CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 4 MONKS 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 MONKS 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 MONKS CLOSE?

4 MONKS CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 4 on MONKS CLOSE.