5, SOMERVILLE CLOSE, WADDINGTON, LINCOLN, LN5 9QP - £147,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 SOMERVILLE CLOSE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £147,000 in November 2010, which was around 22% below the average November 2010 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was C.

5 SOMERVILLE CLOSE Sold Prices

Land registry data shows two sales for 5 SOMERVILLE 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 North Kesteven local authority area for the corresponding sale date. Both of the two 5 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
2010 1 NOV	£147,000	£187,976	22% below HPI
2000 25 AUG	£70,000	£80,943	14% below HPI

5 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 two 5 SOMERVILLE CLOSE sales from August 2000 and November 2010 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 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2010 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 SOMERVILLE CLOSE?

5 SOMERVILLE CLOSE is 77m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 5 SOMERVILLE CLOSE lies on this distribution: 19% of detached houses are smaller than 5 SOMERVILLE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Waddington.

5 SOMERVILLE CLOSE: Plot and Title Map

5 SOMERVILLE CLOSE sits on a plot of roughly 0.062 of an acre, or 253m². The below map shows the location of 5 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 5 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 5 SOMERVILLE CLOSE?

5 SOMERVILLE CLOSE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 5 on SOMERVILLE CLOSE.