8, MARTIN CLOSE, SKELLINGTHORPE, LINCOLN, LN6 5SD - £243,000

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 MARTIN CLOSE is a small extended detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £242,186. It was last sold for £243,000 in November 2023, which was around 18% below the average November 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

8 MARTIN CLOSE Sold Prices

Land registry data shows three sales for 8 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 8 MARTIN 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 15 NOV	£243,000	£295,633	18% below HPI
2016 1 APR	£156,500	£216,147	28% below HPI
2000 15 SEP	£51,500	£80,678	36% below HPI

8 MARTIN 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 three 8 MARTIN CLOSE sales between September 2000 and November 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 April 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 MARTIN CLOSE be worth now?

8 MARTIN CLOSE might now be worth an estimated £242,186.

This is based on house price deflation of 0.3%, between November 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 0.3% deflationary decrease is applied to the most recent sale price for 8 MARTIN CLOSE of £243,000 on 15th November 2023. For the value to have decreased from £243,000 to £242,186 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 8 MARTIN CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2023 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARTIN CLOSE has not materially changed since November 2023.

How Large is 8 MARTIN CLOSE?

8 MARTIN CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses houses in Skellingthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skellingthorpe, and where 8 MARTIN CLOSE lies on this distribution: 34% of detached houses houses are smaller than 8 MARTIN CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Skellingthorpe.

8 MARTIN CLOSE: Plot and Title Map

8 MARTIN CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 8 MARTIN 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 MARTIN 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 MARTIN CLOSE?

8 MARTIN CLOSE is located in SKELLINGTHORPE, in the LN6 postcode district. The below map shows the position of No. 8 on MARTIN CLOSE.