5, WESLEY CLOSE, METHERINGHAM, LINCOLN, LN4 3UF - £165,000

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 WESLEY CLOSE is a midsized detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £232,311. It was last sold for £165,000 in November 2015, which was around 21% below the average November 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was B.

5 WESLEY CLOSE Sold Prices

Land registry data shows two sales for 5 WESLEY 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 WESLEY 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
2015 23 NOV	£165,000	£209,272	21% below HPI
2000 27 OCT	£51,500	£80,360	36% below HPI

5 WESLEY 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 WESLEY CLOSE sales from October 2000 and November 2015 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 October 2000 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2015 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 WESLEY CLOSE be worth now?

5 WESLEY CLOSE might now be worth an estimated £232,311.

This is based on house price inflation of 40.8%, between November 2015 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 40.8% inflationary increase is applied to the most recent sale price for 5 WESLEY CLOSE of £165,000 on 23rd November 2015. For the value to have increased from £165,000 to £232,311 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 WESLEY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2015 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WESLEY CLOSE has not materially changed since November 2015.

How Large is 5 WESLEY CLOSE?

5 WESLEY CLOSE is 93m² according to the EPC inspection conducted in May 2015. This puts it in the largest 50% 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 WESLEY CLOSE lies on this distribution: 57% of detached houses houses are smaller than 5 WESLEY CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

5 WESLEY CLOSE: Plot and Title Map

5 WESLEY CLOSE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 5 WESLEY 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 WESLEY 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 WESLEY CLOSE?

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