8, READING CLOSE, WASHINGBOROUGH, LINCOLN, LN4 1SL - £290,000

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.

8 READING CLOSE is a very large extended detached house of 152m², built sometime between 1976 and 1982, which could now be worth an estimated £325,112. It was last sold for £290,000 in April 2021, which was around 7% above the average April 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

8 READING CLOSE Sold Prices

Land registry data shows two sales for 8 READING 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 8 READING CLOSE sales were for above 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 1 APR	£290,000	£270,052	7% above HPI
1997 24 JAN	£70,000	£61,633	14% above HPI

8 READING 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 8 READING CLOSE sales from January 1997 and April 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 January 1997 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the April 2021 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 8 READING CLOSE be worth now?

8 READING CLOSE might now be worth an estimated £325,112.

This is based on house price inflation of 12.1%, between April 2021 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 12.1% inflationary increase is applied to the most recent sale price for 8 READING CLOSE of £290,000 on 1st April 2021. For the value to have increased from £290,000 to £325,112 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 8 READING CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The April 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 8 READING CLOSE has not materially changed since April 2021.

How Large is 8 READING CLOSE?

8 READING CLOSE is 152m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses houses in Washingborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Washingborough, and where 8 READING CLOSE lies on this distribution: 87% of detached houses houses are smaller than 8 READING CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Washingborough.

8 READING CLOSE: Plot and Title Map

8 READING CLOSE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 8 READING 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 READING 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 READING CLOSE?

8 READING CLOSE is located in WASHINGBOROUGH, in the LN4 postcode district. The below map shows the position of No. 8 on READING CLOSE.