9, ALEXANDER CLOSE, METHERINGHAM, LINCOLN, LN4 3HJ - £145,000

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

9 ALEXANDER CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £219,110. It was last sold for £145,000 in April 2015, which was around 26% below the average April 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

9 ALEXANDER CLOSE Sold Prices

Land registry data shows two sales for 9 ALEXANDER 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 9 ALEXANDER 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
2015 9 APR	£145,000	£194,985	26% below HPI
2009 26 MAY	£112,000	£170,972	34% below HPI

9 ALEXANDER 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 9 ALEXANDER CLOSE sales from May 2009 and April 2015 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 May 2009 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the April 2015 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 9 ALEXANDER CLOSE be worth now?

9 ALEXANDER CLOSE might now be worth an estimated £219,110.

This is based on house price inflation of 51.1%, between April 2015 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 51.1% inflationary increase is applied to the most recent sale price for 9 ALEXANDER CLOSE of £145,000 on 9th April 2015. For the value to have increased from £145,000 to £219,110 over the eight years and four months to December 2024, the following assumptions must hold true:

• The value of 9 ALEXANDER CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The April 2015 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 9 ALEXANDER CLOSE has not materially changed since April 2015.

How Large is 9 ALEXANDER CLOSE?

9 ALEXANDER CLOSE is 74m² according to the EPC inspection conducted in November 2009. 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 9 ALEXANDER CLOSE lies on this distribution: 14% of detached houses houses are smaller than 9 ALEXANDER CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

9 ALEXANDER CLOSE: Plot and Title Map

9 ALEXANDER CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 9 ALEXANDER 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 9 ALEXANDER 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 9 ALEXANDER CLOSE?

9 ALEXANDER CLOSE is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 9 on ALEXANDER CLOSE.