5, FRANKLIN CLOSE, METHERINGHAM, LINCOLN, LN4 3EP - £120,000

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

5 FRANKLIN CLOSE is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £198,802. It was last sold for £120,000 in October 2008, which was around 33% below the average October 2008 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

5 FRANKLIN CLOSE Sold Prices

Land registry data shows four sales for 5 FRANKLIN 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 5 FRANKLIN 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
2008 3 OCT	£120,000	£177,851	33% below HPI
2007 28 AUG	£154,000	£199,722	23% below HPI
2006 28 APR	£145,000	£175,173	17% below HPI
1996 8 MAY	£46,000	£61,297	25% below HPI

5 FRANKLIN 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 5 FRANKLIN CLOSE sales between May 1996 and October 2008 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 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2008 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 5 FRANKLIN CLOSE be worth now?

5 FRANKLIN CLOSE might now be worth an estimated £198,802.

This is based on house price inflation of 65.7%, between October 2008 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 65.7% inflationary increase is applied to the most recent sale price for 5 FRANKLIN CLOSE of £120,000 on 3rd October 2008. For the value to have increased from £120,000 to £198,802 over the fifteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 FRANKLIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2008 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FRANKLIN CLOSE has not materially changed since October 2008.

How Large is 5 FRANKLIN CLOSE?

5 FRANKLIN CLOSE is 75m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% 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 5 FRANKLIN CLOSE lies on this distribution: 17% of detached houses houses are smaller than 5 FRANKLIN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

5 FRANKLIN CLOSE: Plot and Title Map

5 FRANKLIN CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 5 FRANKLIN 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 5 FRANKLIN 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 5 FRANKLIN CLOSE?

5 FRANKLIN CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 5 on FRANKLIN CLOSE.