Housing Market Analysis for SOMERVILLE CLOSE, LN5 9QP

Are you looking to understand LN5 9QP house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this North Kesteven postcode.

For the location information and nearby amenities in the LN5 9QP area, explore the LN5 9QP Area information page.
For comprehensive crime statistics in the LN5 9QP area, explore the LN5 9QP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN5 9QP postcode area, The average prices are as follows,

Detached
- The average price is around £130,437 median price is £135,000 Standard Deviation is £46,160 with Total Sold: 34
- The Last 5 Year average price is £199,000 with Total Sold: 4
- The most recent sale happened at this postcode is 19 SOMERVILLE CLOSE: £248,000 (Sold on 05 Apr 2023)
- The first recorded sale happened at this postcode is 55 SOMERVILLE CLOSE: £57,500 (Sold on 21 May 1999)
Semi-Detached
- The average price is around £109,738 median price is £104,250 Standard Deviation is £34,677 with Total Sold: 8
- The most recent sale happened at this postcode is 43 SOMERVILLE CLOSE: £160,000 (Sold on 11 Nov 2016)
- The first recorded sale happened at this postcode is 23 SOMERVILLE CLOSE: £79,950 (Sold on 14 Jan 2000)

Sold Price Trend Over the Years:

Below table and chart gives the average LN5 9QP house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£248,000	£3,100	1
2020	£215,000	£2,172	1
2019	£166,500	£1,979	2
2018	£161,875	£2,194	4
2016	£153,500	£1,785	1
2015	£129,000	£2,115	1
2014	£159,950	£2,666	1
2013	£144,125	£1,848	4
2012	£128,000	£1,649	1
2011	£130,000	£2,107	1
2010	£147,000	£1,909	1
2009	£144,500	£1,872	1
2007	£88,500	£688	2
2006	£139,000	£1,986	1
2005	£156,000	£2,600	1
2004	£135,667	£1,795	3
2002	£89,950	£1,064	2
2001	£62,500	£849	2
2000	£60,500	£850	3
1999	£57,500	£821	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2016	£160,000	£1,135	1
2011	£72,000	£727	1
2007	£144,975	£2,131	2
2006	£106,000	£1,738	1
2004	£102,500		1
2002	£67,500		1
2000	£79,950		1

All the Sales in the SOMERVILLE CLOSE, LN5 9QP

See the table below for more details on the sold house prices in the LN5 9QP, North Kesteven postcode.

Address	Sold Date	Price	% Change
19 SOMERVILLE CLOSEDetached, FreeholdArea: 80 Sq.mtrAge: 1976-1982	05 Apr 2023	£248,000	45.88%
	12 Jan 2018	£170,000	209.09%
	11 Apr 2007	£55,000	5.77%
	04 Feb 2000	£52,000	First Sale
31 SOMERVILLE CLOSEDetached, FreeholdArea: 99 Sq.mtrAge: 2007 onwards	18 Jun 2020	£215,000	28.74%
	23 Aug 2013	£167,000	131.94%
	10 Aug 2011	£72,000	First Sale
3 SOMERVILLE CLOSEDetached, FreeholdArea: 77 Sq.mtrAge: 1967-1975	02 Sep 2019	£160,000	First Sale
51 SOMERVILLE CLOSEDetached, FreeholdArea: 92 Sq.mtrAge: 1983-1990	30 Aug 2019	£173,000	First Sale
9 SOMERVILLE CLOSEDetached, FreeholdArea: 81 Sq.mtrAge: 1967-1975	23 Nov 2018	£177,500	42.00%
	12 Jan 2018	£125,000	First Sale
21 SOMERVILLE CLOSEDetached, FreeholdArea: 60 Sq.mtrAge: 1967-1975	11 Jul 2018	£175,000	9.41%
	01 Apr 2014	£159,950	2.53%
	18 Jul 2005	£156,000	162.18%
	13 Oct 2000	£59,500	First Sale
43 SOMERVILLE CLOSESemi-Detached, FreeholdArea: 141 Sq.mtrAge: 1967-1975	11 Nov 2016	£160,000	First Sale
39 SOMERVILLE CLOSEDetached, FreeholdArea: 86 Sq.mtrAge: 1950-1966	23 Feb 2016	£153,500	110.27%
	12 Jan 2001	£73,000	First Sale
53 SOMERVILLE CLOSEDetached, FreeholdArea: 61 Sq.mtrAge: 1967-1975	05 Oct 2015	£129,000	-0.77%
	10 Aug 2007	£130,000	22.64%
	09 Mar 2006	£106,000	First Sale
29 SOMERVILLE CLOSEDetached, FreeholdArea: 61.71 Sq.mtrAge: 1950-1966	12 Aug 2013	£141,000	8.46%
	22 Aug 2011	£130,000	First Sale
1 SOMERVILLE CLOSEDetached, FreeholdArea: 77.194 Sq.mtrAge: 1950-1966	10 May 2013	£137,000	-5.19%
	06 Nov 2009	£144,500	8.65%
	30 Jul 2004	£133,000	First Sale
49 SOMERVILLE CLOSEDetached, FreeholdArea: 79.82 Sq.mtrAge: 1967-1975	22 Mar 2013	£131,500	-8.68%
	21 May 2004	£144,000	69.51%
	30 Jul 2002	£84,950	First Sale
17 SOMERVILLE CLOSEDetached, FreeholdArea: 77.62 Sq.mtrAge: 1967-1975	07 Nov 2012	£128,000	First Sale
5 SOMERVILLE CLOSEDetached, FreeholdArea: 77 Sq.mtrAge: 1950-1966	01 Nov 2010	£147,000	110.00%
	25 Aug 2000	£70,000	First Sale
25 SOMERVILLE CLOSEDetached, Freehold	01 May 2007	£122,000	First Sale
15 SOMERVILLE CLOSESemi-Detached, Freehold	18 Apr 2007	£159,950	First Sale
55 SOMERVILLE CLOSEDetached, FreeholdArea: 70 Sq.mtrAge: 1950-1966	24 Nov 2006	£139,000	141.74%
	21 May 1999	£57,500	First Sale
37 SOMERVILLE CLOSEDetached, FreeholdArea: 70 Sq.mtrAge: 1950-1966	08 Oct 2004	£130,000	First Sale
41 SOMERVILLE CLOSESemi-Detached, Freehold	24 May 2004	£102,500	51.85%
41 SOMERVILLE CLOSESemi-Detached, Freehold	05 Apr 2002	£67,500	First Sale
47 SOMERVILLE CLOSEDetached, Freehold	22 Jul 2002	£94,950	First Sale
11 SOMERVILLE CLOSEDetached, Freehold	01 Jun 2001	£52,000	First Sale
23 SOMERVILLE CLOSESemi-Detached, Freehold	14 Jan 2000	£79,950	First Sale

Check out the sold house prices near the LN5 9QP postcode. Properties currently for saleProperties currently for rent

SOMERVILLE CLOSE, LN5 9QP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN5 9QP postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LN5 9QP postcode.

Semi-Detached
- The average price is around £130,129 median price is £133,000 Standard Deviation is £60,030 with Total Sold: 165
- The Last 5 Year average price is £195,355 with Total Sold: 31
- The most recent sale happened at this postcode is , 25 PITSFORD CLOSE: £213,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 15 MELBOURNE WAY: £50,500 (Sold on 31 Mar 1995)
Detached
- The average price is around £174,412 median price is £160,000 Standard Deviation is £96,282 with Total Sold: 588
- The Last 5 Year average price is £291,892 with Total Sold: 86
- The most recent sale happened at this postcode is , 3 SOMERVILLE COURT: £212,500 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 56 STATION ROAD: £48,000 (Sold on 03 Feb 1995)
Terraced
- The average price is around £149,212 median price is £159,641 Standard Deviation is £46,004 with Total Sold: 82
- The Last 5 Year average price is £184,200 with Total Sold: 26
- The most recent sale happened at this postcode is , 28 PITSFORD CLOSE: £217,500 (Sold on 23 Jul 2024)
- The first recorded sale happened at this postcode is , 17 SOMERVILLE COURT: £44,000 (Sold on 24 May 1996)
Flat
- The average price is around £146,315 median price is £145,995 Standard Deviation is £13,495 with Total Sold: 3
- The Last 5 Year average price is £163,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 14 PITSFORD CLOSE: £163,000 (Sold on 25 Nov 2021)
- The first recorded sale happened at this postcode is , 3 GRAFHAM DRIVE: £129,950 (Sold on 31 Jul 2015)
Other
- The average price is around £296,200 median price is £300,000 Standard Deviation is £226,018 with Total Sold: 5
- The Last 5 Year average price is £315,000 with Total Sold: 2
- The most recent sale happened at this postcode is , 165 STATION ROAD: £300,000 (Sold on 02 Mar 2021)
- The first recorded sale happened at this postcode is , 81 PITSFORD CLOSE: £78,000 (Sold on 28 Nov 2016)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£213,875		4
2023	£205,000	£3,060	2
2022	£221,750	£3,238	4
2021	£188,077	£2,534	13
2020	£218,833	£2,498	3
2019	£160,400	£2,365	5
2018	£180,650	£2,343	3
2017	£162,573	£2,180	15
2016	£173,886	£2,161	21
2015	£160,544	£1,858	11
2014	£125,000	£1,008	1
2013	£129,983	£1,621	3
2012	£117,750	£1,459	4
2011	£72,000	£727	1
2010	£132,500	£1,866	1
2009	£115,500	£1,402	2
2008	£124,000	£1,889	2
2007	£135,574	£1,835	6
2006	£121,400	£1,696	5
2005	£123,000	£1,793	5
2004	£116,083	£1,482	6
2003	£95,333	£1,445	3
2002	£74,490	£1,067	5
2001	£55,979	£826	7
2000	£51,575	£688	6
1999	£45,325	£717	6
1998	£46,562	£540	4
1997	£47,556	£737	9
1996	£45,465	£713	5
1995	£47,483	£639	3

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£331,500		5
2023	£311,273	£3,034	11
2022	£315,983	£2,656	15
2021	£280,891	£2,591	23
2020	£266,059	£2,435	17
2019	£286,533	£2,324	15
2018	£273,869	£2,184	21
2017	£275,232	£2,353	33
2016	£241,400	£2,197	43
2015	£224,684	£2,028	34
2014	£177,897	£1,929	17
2013	£160,417	£1,659	18
2012	£158,704	£1,703	12
2011	£156,700	£1,602	10
2010	£158,666	£1,789	6
2009	£149,562	£1,470	12
2008	£182,519	£1,835	13
2007	£165,690	£1,785	21
2006	£162,097	£1,688	15
2005	£167,820	£1,795	12
2004	£155,609	£1,573	22
2003	£161,544	£1,526	17
2002	£103,076	£1,109	23
2001	£89,309	£844	43
2000	£80,692	£842	46
1999	£73,830	£756	25
1998	£70,662	£790	21
1997	£89,410	£726	15
1996	£62,682	£646	11
1995	£59,827	£464	12

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£217,500		1
2023	£201,800	£2,773	5
2022	£183,650	£2,551	2
2021	£181,214	£2,363	7
2020	£175,575	£2,390	6
2019	£174,690	£2,276	5
2018	£157,000	£2,532	1
2017	£155,026	£2,281	15
2016	£140,980	£2,048	15
2015	£122,591	£1,570	9
2013	£124,250	£1,071	1
2011	£110,000	£1,330	2
2010	£127,500		1
2009	£75,000	£647	1
2007	£119,000	£1,450	1
2006	£188,000	£4,058	3
2004	£92,500		1
2003	£95,000	£1,134	2
2002	£85,000		1
1998	£64,500	£500	1
1997	£40,000	£506	1
1996	£44,000	£396	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£163,000	£2,587	1
2016	£145,995	£2,317	1
2015	£129,950	£2,063	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£300,000		1
2020	£330,000	£7,021	1
2017	£695,000	£6,557	1
2016	£78,000	£1,983	2

House Type in LN5 9QP area

The most common house types in the LN5 9QP postcode area are Detached (124), Semi-detached (35), and Terraced (32).

Total	191
Detached	124
Semi-detached	35
Terraced	32
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (97), and Owned: Owns outright (62).

Owned: Owns with a mortgage or loan	97
Owned: Owns outright	62
Private rented: Private landlord or letting agency	21
Social rented: Other social rented	8
Private rented: Other private rented	2
Social rented: Rents from council or Local Authority	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the LN5 9QP have 2 people in household (84), and 3 people in household (37).

2 people in household	84
3 people in household	37
1 person in household	33
4 people in household	31
5 people in household	2
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0