7, MERCIA CLOSE, QUARRINGTON, SLEAFORD, NG34 8WP - £265,000

7 MERCIA CLOSE is a very large extended detached house of 132m², built sometime between 1996 and 2002. It was last sold for £265,000 in July 2021, which was around 6% below the average July 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

7 MERCIA CLOSE Sold Prices

Land registry data shows two sales for 7 MERCIA 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 7 MERCIA 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 13 JUL	£265,000	£281,411	6% below HPI
2007 16 FEB	£187,000	£190,020	2% below HPI

7 MERCIA 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 7 MERCIA CLOSE sales from February 2007 and July 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 February 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 7 MERCIA CLOSE?

7 MERCIA CLOSE is 132m², which includes two extensions, according to the EPC inspection conducted in December 2018. This puts it in the largest 20% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 7 MERCIA CLOSE lies on this distribution: 80% of detached houses are smaller than 7 MERCIA CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

7 MERCIA CLOSE: Plot and Title Map

7 MERCIA CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 7 MERCIA 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 7 MERCIA 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 7 MERCIA CLOSE?

7 MERCIA CLOSE is located in QUARRINGTON, in the NG34 postcode district. The below map shows the position of No. 7 on MERCIA CLOSE.