55, SOMERVILLE CLOSE, WADDINGTON, LINCOLN, LN5 9QP - £139,000

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.

55 SOMERVILLE CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £226,562. It was last sold for £139,000 in November 2006, which was around 25% below the average November 2006 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

55 SOMERVILLE CLOSE Sold Prices

Land registry data shows two sales for 55 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 55 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
2006 24 NOV	£139,000	£185,742	25% below HPI
1999 21 MAY	£57,500	£68,466	16% below HPI

55 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 55 SOMERVILLE CLOSE sales from May 1999 and November 2006 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 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2006 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 55 SOMERVILLE CLOSE be worth now?

55 SOMERVILLE CLOSE might now be worth an estimated £226,562.

This is based on house price inflation of 63%, between November 2006 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 63% inflationary increase is applied to the most recent sale price for 55 SOMERVILLE CLOSE of £139,000 on 24th November 2006. For the value to have increased from £139,000 to £226,562 over the nineteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 55 SOMERVILLE CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2006 sale price of £139,000 represented a fair market value for the property.
• The size, condition, and specification of 55 SOMERVILLE CLOSE has not materially changed since November 2006.

How Large is 55 SOMERVILLE CLOSE?

55 SOMERVILLE CLOSE is 70m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 20% of detached houses houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waddington, and where 55 SOMERVILLE CLOSE lies on this distribution: 12% of detached houses houses are smaller than 55 SOMERVILLE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Waddington.

55 SOMERVILLE CLOSE: Plot and Title Map

55 SOMERVILLE CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 55 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 55 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 55 SOMERVILLE CLOSE?

55 SOMERVILLE CLOSE is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 55 on SOMERVILLE CLOSE.