49, SOMERVILLE CLOSE, WADDINGTON, LINCOLN, LN5 9QP - £131,500

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.

49 SOMERVILLE CLOSE is a small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £227,640. It was last sold for £131,500 in March 2013, which was around 25% below the average March 2013 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

49 SOMERVILLE CLOSE Sold Prices

Land registry data shows three sales for 49 SOMERVILLE 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 49 SOMERVILLE 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
2013 22 MAR	£131,500	£174,888	25% below HPI
2004 21 MAY	£144,000	£160,762	10% below HPI
2002 30 JUL	£84,950	£107,987	21% below HPI

49 SOMERVILLE 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 49 SOMERVILLE CLOSE sales between July 2002 and March 2013 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 May 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2013 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 49 SOMERVILLE CLOSE be worth now?

49 SOMERVILLE CLOSE might now be worth an estimated £227,640.

This is based on house price inflation of 73.1%, between March 2013 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 73.1% inflationary increase is applied to the most recent sale price for 49 SOMERVILLE CLOSE of £131,500 on 22nd March 2013. For the value to have increased from £131,500 to £227,640 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of 49 SOMERVILLE CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2013 sale price of £131,500 represented a fair market value for the property.
• The size, condition, and specification of 49 SOMERVILLE CLOSE has not materially changed since March 2013.

How Large is 49 SOMERVILLE CLOSE?

49 SOMERVILLE CLOSE is 80m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% of detached houses houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waddington, and where 49 SOMERVILLE CLOSE lies on this distribution: 23% of detached houses houses are smaller than 49 SOMERVILLE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Waddington.

49 SOMERVILLE CLOSE: Plot and Title Map

49 SOMERVILLE CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 49 SOMERVILLE 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 49 SOMERVILLE 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 49 SOMERVILLE CLOSE?

49 SOMERVILLE CLOSE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 49 on SOMERVILLE CLOSE.