8, MAREHAM CLOSE, BRACEBRIDGE HEATH, LINCOLN, LN4 2SZ - £230,000

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

8 MAREHAM CLOSE is a small extended detached house of 80m², built sometime between 1996 and 2002, which could now be worth an estimated £239,541. It was last sold for £230,000 in November 2021, which was around 19% below the average November 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

8 MAREHAM CLOSE Sold Prices

Land registry data shows five sales for 8 MAREHAM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the five 8 MAREHAM 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
2021 12 NOV	£230,000	£282,907	19% below HPI
2006 24 NOV	£149,000	£185,742	20% below HPI
2002 1 JUL	£110,000	£107,987	2% above HPI
2001 29 JUN	£75,000	£83,562	10% below HPI
1997 28 MAY	£71,000	£64,290	10% above HPI

8 MAREHAM 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 five 8 MAREHAM CLOSE sales between May 1997 and November 2021 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 November 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 MAREHAM CLOSE be worth now?

8 MAREHAM CLOSE might now be worth an estimated £239,541.

This is based on house price inflation of 4.1%, between November 2021 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 4.1% inflationary increase is applied to the most recent sale price for 8 MAREHAM CLOSE of £230,000 on 12th November 2021. For the value to have increased from £230,000 to £239,541 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of 8 MAREHAM CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2021 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAREHAM CLOSE has not materially changed since November 2021.

How Large is 8 MAREHAM CLOSE?

8 MAREHAM CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bracebridge Heath, and where 8 MAREHAM CLOSE lies on this distribution: 21% of detached houses houses are smaller than 8 MAREHAM CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

8 MAREHAM CLOSE: Plot and Title Map

8 MAREHAM CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 8 MAREHAM 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 8 MAREHAM 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 8 MAREHAM CLOSE?

8 MAREHAM CLOSE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 8 on MAREHAM CLOSE.