5, WELLAND CLOSE, RUSKINGTON, SLEAFORD, NG34 9HQ - £184,950

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 WELLAND CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £184,950 in February 2021, which was around 32% below the average February 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

5 WELLAND CLOSE Sold Prices

Land registry data shows four sales for 5 WELLAND 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 WELLAND 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
2021 18 FEB	£184,950	£270,024	32% below HPI
2019 28 MAY	£148,000	£247,520	40% below HPI
2002 29 NOV	£94,950	£120,609	21% below HPI
1996 29 OCT	£39,995	£62,362	36% below HPI

5 WELLAND 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 WELLAND CLOSE sales between October 1996 and February 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 May 2019 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 WELLAND CLOSE be worth now?

5 WELLAND CLOSE might now be worth an estimated £201,813.

This is based on house price inflation of 9.1%, between February 2021 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 9.1% inflationary increase is applied to the most recent sale price for 5 WELLAND CLOSE of £184,950 on 18th February 2021. For the value to have increased from £184,950 to £201,813 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 5 WELLAND CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The February 2021 sale price of £184,950 represented a fair market value for the property.
• The size, condition, and specification of 5 WELLAND CLOSE has not materially changed since February 2021.

How Large is 5 WELLAND CLOSE?

5 WELLAND CLOSE is 75m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses houses in Ruskington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ruskington, and where 5 WELLAND CLOSE lies on this distribution: 12% of detached houses houses are smaller than 5 WELLAND CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Ruskington.

5 WELLAND CLOSE: Plot and Title Map

5 WELLAND CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 WELLAND 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 WELLAND 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 WELLAND CLOSE?

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