5, WYATT CLOSE, MARTIN, LINCOLN, LN4 3RN - £197,000

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 WYATT CLOSE is a small extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £260,945. It was last sold for £197,000 in March 2017, which was around 14% below the average March 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

5 WYATT CLOSE Sold Prices

Land registry data shows two sales for 5 WYATT 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 WYATT 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
2017 22 MAR	£197,000	£228,560	14% below HPI
2010 22 OCT	£150,000	£184,492	19% below HPI

5 WYATT 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 WYATT CLOSE sales from October 2010 and March 2017 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 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 WYATT CLOSE be worth now?

5 WYATT CLOSE might now be worth an estimated £260,945.

This is based on house price inflation of 32.5%, between March 2017 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 32.5% inflationary increase is applied to the most recent sale price for 5 WYATT CLOSE of £197,000 on 22nd March 2017. For the value to have increased from £197,000 to £260,945 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of 5 WYATT CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The March 2017 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WYATT CLOSE has not materially changed since March 2017.

How Large is 5 WYATT CLOSE?

5 WYATT CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses houses in Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martin, and where 5 WYATT CLOSE lies on this distribution: 35% of detached houses houses are smaller than 5 WYATT CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Martin.

5 WYATT CLOSE: Plot and Title Map

5 WYATT CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 5 WYATT 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 WYATT 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 WYATT CLOSE?

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