5, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £268,000

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.

5 MERCIA CLOSE is a midsized detached house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £265,245. It was last sold for £268,000 in June 2023, which was around 12% below the average June 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

5 MERCIA CLOSE Sold Prices

Land registry data shows four sales for 5 MERCIA 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. Most of the four 5 MERCIA 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
2023 30 JUN	£268,000	£305,893	12% below HPI
2019 16 DEC	£230,000	£255,449	10% below HPI
2005 12 JAN	£165,000	£170,945	3% below HPI
1997 23 MAY	£69,950	£64,290	9% above HPI

5 MERCIA 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 MERCIA CLOSE sales between May 1997 and June 2023 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 December 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2023 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MERCIA CLOSE be worth now?

5 MERCIA CLOSE might now be worth an estimated £265,245.

This is based on house price deflation of 1%, between June 2023 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 1% deflationary decrease is applied to the most recent sale price for 5 MERCIA CLOSE of £268,000 on 30th June 2023. For the value to have decreased from £268,000 to £265,245 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MERCIA CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2023 sale price of £268,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MERCIA CLOSE has not materially changed since June 2023.

How Large is 5 MERCIA CLOSE?

5 MERCIA CLOSE is 106m² according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 5 MERCIA CLOSE lies on this distribution: 50% of detached houses houses are smaller than 5 MERCIA CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

5 MERCIA CLOSE: Plot and Title Map

5 MERCIA CLOSE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 5 MERCIA 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 MERCIA 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 MERCIA CLOSE?

5 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 5 on MERCIA CLOSE.