5, MEADOW CLOSE, REEPHAM, LINCOLN, LN3 4ED - £288,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MEADOW CLOSE is a midsized extended detached house of 144m², built sometime between 1967 and 1975. It was last sold for £288,000 in June 2021, which was around 11% above the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

5 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 5 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two 5 MEADOW CLOSE sales was for above the average price, whilst the other was 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
2021 25 JUN	£288,000	£258,781	11% above HPI
1999 17 FEB	£55,000	£67,637	19% below HPI

5 MEADOW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 5 MEADOW CLOSE sales from February 1999 and June 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 February 1999 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 5 MEADOW CLOSE?

5 MEADOW CLOSE is 144m², which includes three extensions, according to the EPC inspection conducted in January 2021. This puts it in the largest 50% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 5 MEADOW CLOSE lies on this distribution: 56% of detached houses are smaller than 5 MEADOW CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Reepham.

5 MEADOW CLOSE: Plot and Title Map

5 MEADOW CLOSE sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of 5 MEADOW 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 MEADOW 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 MEADOW CLOSE?

5 MEADOW CLOSE is located in REEPHAM, in the LN3 postcode district. The below map shows the position of No. 5 on MEADOW CLOSE.