4, SPRINGFIELD CLOSE, BRANSTON, LINCOLN, LN4 1LP - £470,000

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 SPRINGFIELD CLOSE is a very large detached house of 167m², built sometime between 1991 and 1995, which could now be worth an estimated £510,518. It was last sold for £470,000 in August 2021, which was around 69% above the average August 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

4 SPRINGFIELD CLOSE Sold Prices

Land registry data shows three sales for 4 SPRINGFIELD 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. All of the three 4 SPRINGFIELD CLOSE sales were for 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
2021 20 AUG	£470,000	£278,721	69% above HPI
2013 21 JUN	£280,000	£184,423	52% above HPI
1996 1 NOV	£107,000	£62,655	71% above HPI

4 SPRINGFIELD 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 SPRINGFIELD CLOSE sales between November 1996 and August 2021 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 June 2013 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the August 2021 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

What might 4 SPRINGFIELD CLOSE be worth now?

4 SPRINGFIELD CLOSE might now be worth an estimated £510,518.

This is based on house price inflation of 8.6%, between August 2021 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 8.6% inflationary increase is applied to the most recent sale price for 4 SPRINGFIELD CLOSE of £470,000 on 20th August 2021. For the value to have increased from £470,000 to £510,518 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 4 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2021 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRINGFIELD CLOSE has not materially changed since August 2021.

How Large is 4 SPRINGFIELD CLOSE?

4 SPRINGFIELD CLOSE is 167m² according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses houses in Branston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Branston, and where 4 SPRINGFIELD CLOSE lies on this distribution: 92% of detached houses houses are smaller than 4 SPRINGFIELD CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Branston.

4 SPRINGFIELD CLOSE: Plot and Title Map

4 SPRINGFIELD CLOSE sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 4 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD CLOSE?

4 SPRINGFIELD CLOSE is located in BRANSTON, in the LN4 postcode district. The below map shows the position of No. 4 on SPRINGFIELD CLOSE.