45, SHIREGATE, METHERINGHAM, LINCOLN, LN4 3DR - £158,000

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

45 SHIREGATE is a small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £241,299. It was last sold for £158,000 in May 2007, which was around 18% below the average May 2007 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

45 SHIREGATE Sold Prices

Land registry data shows three sales for 45 SHIREGATE 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 45 SHIREGATE sales were a mix of below the average price, and roughly equal to 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
2007 4 MAY	£158,000	£192,929	18% below HPI
2000 20 APR	£65,000	£74,760	13% below HPI
1998 29 MAY	£66,500	£66,579	Close to HPI

45 SHIREGATE 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 45 SHIREGATE sales between May 1998 and May 2007 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 April 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2007 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 45 SHIREGATE be worth now?

45 SHIREGATE might now be worth an estimated £241,299.

This is based on house price inflation of 52.7%, between May 2007 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 52.7% inflationary increase is applied to the most recent sale price for 45 SHIREGATE of £158,000 on 4th May 2007. For the value to have increased from £158,000 to £241,299 over the sixteen years and five months to December 2024, the following assumptions must hold true:

• The value of 45 SHIREGATE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2007 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 45 SHIREGATE has not materially changed since May 2007.

How Large is 45 SHIREGATE?

45 SHIREGATE is 81m² according to the EPC inspection conducted in July 2019. 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 45 SHIREGATE lies on this distribution: 33% of detached houses houses are smaller than 45 SHIREGATE, and 64% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

45 SHIREGATE: Plot and Title Map

45 SHIREGATE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 45 SHIREGATE, 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 45 SHIREGATE). 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 45 SHIREGATE?

45 SHIREGATE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 45 on SHIREGATE.