7, FRANKLIN CLOSE, METHERINGHAM, LINCOLN, LN4 3EP - £295,000

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

7 FRANKLIN CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £294,993. It was last sold for £295,000 in May 2024, which was about the average May 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

7 FRANKLIN CLOSE Sold Prices

Land registry data shows two sales for 7 FRANKLIN 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. One of the two 7 FRANKLIN CLOSE sales was roughly equal to the average price, whilst the other was 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
2024 31 MAY	£295,000	£294,650	Close to HPI
2021 8 JAN	£167,500	£269,450	38% below HPI

7 FRANKLIN 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 7 FRANKLIN CLOSE sales from January 2021 and May 2024 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 January 2021 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 FRANKLIN CLOSE be worth now?

7 FRANKLIN CLOSE might now be worth an estimated £294,993.

This is based on house price deflation of 0%, between May 2024 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 0% deflationary decrease is applied to the most recent sale price for 7 FRANKLIN CLOSE of £295,000 on 31st May 2024. For the value to have decreased from £295,000 to £294,993 over the five months to December 2024, the following assumptions must hold true:

• The value of 7 FRANKLIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2024 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FRANKLIN CLOSE has not materially changed since May 2024.

How Large is 7 FRANKLIN CLOSE?

7 FRANKLIN CLOSE is 74m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% 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 7 FRANKLIN CLOSE lies on this distribution: 14% of detached houses houses are smaller than 7 FRANKLIN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

7 FRANKLIN CLOSE: Plot and Title Map

7 FRANKLIN CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 7 FRANKLIN 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 7 FRANKLIN 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 7 FRANKLIN CLOSE?

7 FRANKLIN CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 7 on FRANKLIN CLOSE.