7, SPENNYMOOR CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9TE - £200,000

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 SPENNYMOOR CLOSE is a very small detached house of 59m², built sometime between 1983 and 1990. It was last sold for £200,000 in September 2023, which was around 33% below the average September 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

7 SPENNYMOOR CLOSE Sold Prices

Land registry data shows four sales for 7 SPENNYMOOR 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 7 SPENNYMOOR 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
2023 7 SEP	£200,000	£298,332	33% below HPI
2011 8 AUG	£140,000	£178,990	22% below HPI
2008 22 AUG	£165,000	£184,966	11% below HPI
2001 8 NOV	£74,000	£91,151	19% below HPI

7 SPENNYMOOR 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 7 SPENNYMOOR CLOSE sales between November 2001 and September 2023 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 August 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 7 SPENNYMOOR CLOSE be worth now?

7 SPENNYMOOR CLOSE might now be worth an estimated £197,527.

This is based on house price deflation of 1.2%, between September 2023 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 1.2% deflationary decrease is applied to the most recent sale price for 7 SPENNYMOOR CLOSE of £200,000 on 7th September 2023. For the value to have decreased from £200,000 to £197,527 over the nine months to December 2024, the following assumptions must hold true:

• The value of 7 SPENNYMOOR CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2023 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPENNYMOOR CLOSE has not materially changed since September 2023.

How Large is 7 SPENNYMOOR CLOSE?

7 SPENNYMOOR CLOSE is 59m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 7 SPENNYMOOR CLOSE lies on this distribution: 3% of detached houses houses are smaller than 7 SPENNYMOOR CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

7 SPENNYMOOR CLOSE: Plot and Title Map

7 SPENNYMOOR CLOSE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 7 SPENNYMOOR 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 SPENNYMOOR 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 SPENNYMOOR CLOSE?

7 SPENNYMOOR CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 7 on SPENNYMOOR CLOSE.