11, MERCURY CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9FH - £217,500

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.

11 MERCURY CLOSE is a large detached house of 122m², built sometime between 2007 and 2011, which could now be worth an estimated £280,308. It was last sold for £217,500 in July 2017, which was around 7% below the average July 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

11 MERCURY CLOSE Sold Prices

Land registry data shows three sales for 11 MERCURY 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. Two of the three 11 MERCURY CLOSE sales were for below the average price, whilst one was 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
2017 21 JUL	£217,500	£234,913	7% below HPI
2010 19 AUG	£180,000	£181,513	1% below HPI
2009 30 APR	£170,000	£164,788	3% above HPI

11 MERCURY 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 11 MERCURY CLOSE sales between April 2009 and July 2017 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 2010 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2017 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 11 MERCURY CLOSE be worth now?

11 MERCURY CLOSE might now be worth an estimated £280,308.

This is based on house price inflation of 28.9%, between July 2017 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 28.9% inflationary increase is applied to the most recent sale price for 11 MERCURY CLOSE of £217,500 on 21st July 2017. For the value to have increased from £217,500 to £280,308 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 11 MERCURY CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2017 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of 11 MERCURY CLOSE has not materially changed since July 2017.

How Large is 11 MERCURY CLOSE?

11 MERCURY CLOSE is 122m² according to the EPC inspection conducted in June 2022. This puts it in the largest 40% 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 11 MERCURY CLOSE lies on this distribution: 70% of detached houses houses are smaller than 11 MERCURY CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

11 MERCURY CLOSE: Plot and Title Map

11 MERCURY CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 11 MERCURY 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 11 MERCURY 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 11 MERCURY CLOSE?

11 MERCURY CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 11 on MERCURY CLOSE.