Housing Market Analysis for MERCIA CLOSE, NG34 8WP

Are you looking to understand NG34 8WP 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 NG34 8WP area, explore the NG34 8WP Area information page.
For comprehensive crime statistics in the NG34 8WP area, explore the NG34 8WP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NG34 8WP postcode area, The average prices are as follows,

Detached
- The average price is around £166,320 median price is £168,500 Standard Deviation is £80,848 with Total Sold: 43
- The Last 5 Year average price is £287,883 with Total Sold: 9
- The most recent sale happened at this postcode is 15 MERCIA CLOSE: £310,000 (Sold on 07 Jul 2023)
- The first recorded sale happened at this postcode is 11 MERCIA CLOSE: £315,000 (Sold on 08 Aug 2024)

Sold Price Trend Over the Years:

Below table and chart gives the average NG34 8WP 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	£289,000	£2,545	2
2022	£321,000	£3,200	2
2021	£263,988	£2,262	4
2019	£230,000	£2,170	1
2018	£218,000	£1,801	1
2017	£220,000	£1,889	1
2013	£172,000	£1,548	2
2011	£171,500	£1,662	1
2009	£174,950	£1,446	1
2008	£210,000	£2,360	1
2007	£177,750	£1,404	2
2006	£185,983	£1,696	3
2005	£190,000	£1,557	2
2003	£145,000	£1,283	2
2002	£135,000	£1,164	1
2001	£97,100	£812	4
1998	£72,950		1
1997	£73,555	£666	10
1996	£77,000		1
2024	£315,000		1

All the Sales in the MERCIA CLOSE, NG34 8WP

See the table below for more details on the sold house prices in the NG34 8WP, North Kesteven postcode.

Address	Sold Date	Price	% Change
15 MERCIA CLOSEDetached, FreeholdArea: 121 Sq.mtrAge: 1996-2002	07 Jul 2023	£310,000	77.19%
	16 Apr 2009	£174,950	12.87%
	19 Dec 2003	£155,000	104.08%
	29 Aug 1997	£75,950	First Sale
5 MERCIA CLOSEDetached, FreeholdArea: 106 Sq.mtrAge: 1996-2002	30 Jun 2023	£268,000	16.52%
	16 Dec 2019	£230,000	39.39%
	12 Jan 2005	£165,000	135.88%
	23 May 1997	£69,950	First Sale
16 MERCIA CLOSEDetached, FreeholdArea: 89 Sq.mtrAge: 1996-2002	27 Jul 2022	£335,000	59.52%
	25 Jan 2008	£210,000	172.90%
	08 Aug 1997	£76,950	First Sale
12 MERCIA CLOSEDetached, FreeholdArea: 116.438 Sq.mtrAge: 1996-2002	20 May 2022	£307,000	39.55%
	11 Aug 2017	£220,000	127.98%
	29 Jun 2001	£96,500	32.28%
	28 Nov 1997	£72,950	First Sale
14 MERCIA CLOSEDetached, FreeholdArea: 121.066 Sq.mtrAge: 1996-2002	29 Sep 2021	£289,950	33.00%
	31 Jan 2018	£218,000	31.33%
	23 Aug 2013	£166,000	-1.48%
	09 Feb 2007	£168,500	147.98%
	28 Oct 1997	£67,950	First Sale
10 MERCIA CLOSEDetached, FreeholdArea: 111 Sq.mtrAge: 1996-2002	03 Sep 2021	£246,000	251.68%
	30 Oct 1997	£69,950	First Sale
7 MERCIA CLOSEDetached, FreeholdArea: 132 Sq.mtrAge: 1996-2002	13 Jul 2021	£265,000	41.71%
	16 Feb 2007	£187,000	First Sale
9 MERCIA CLOSEDetached, FreeholdArea: 105 Sq.mtrAge: 1991-1995	10 Feb 2021	£255,000	88.89%
	18 Sep 2003	£135,000	First Sale
17 MERCIA CLOSEDetached, FreeholdArea: 103.16 Sq.mtrAge: 1996-2002	10 Dec 2013	£178,000	3.79%
	01 Jul 2011	£171,500	-2.00%
	20 Nov 2006	£175,000	First Sale
1 MERCIA CLOSEDetached, Freehold	17 Aug 2006	£199,950	-7.00%
	20 Jun 2005	£215,000	179.22%
	31 Jul 1996	£77,000	First Sale
3 MERCIA CLOSEDetached, Freehold	31 Jan 2006	£183,000	144.16%
3 MERCIA CLOSEDetached, Freehold	12 Jun 1997	£74,950	First Sale
11 MERCIA CLOSEDetached, FreeholdArea: 116 Sq.mtrAge: 1967-1975	30 Jul 2002	£135,000	58.92%
	02 May 1997	£84,950	-73.03%
	08 Aug 2024	£315,000	First Sale
2 MERCIA CLOSEDetached, FreeholdArea: 125 Sq.mtrAge: 1996-2002	20 Jul 2001	£108,000	First Sale
6 MERCIA CLOSEDetached, FreeholdArea: 121 Sq.mtrAge: 1996-2002	03 Apr 2001	£89,950	18.43%
	10 Oct 1997	£75,950	First Sale
4 MERCIA CLOSEDetached, Freehold	19 Jan 2001	£93,950	28.79%
4 MERCIA CLOSEDetached, Freehold	19 Feb 1998	£72,950	First Sale
8 MERCIA CLOSEDetached, Freehold	02 Oct 1997	£66,000	First Sale

Check out the sold house prices near the NG34 8WP postcode. Properties currently for saleProperties currently for rent

MERCIA CLOSE, NG34 8WP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NG34 8WP 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 NG34 8WP postcode.

Semi-Detached
- The average price is around £106,031 median price is £106,000 Standard Deviation is £59,957 with Total Sold: 556
- The Last 5 Year average price is £187,651 with Total Sold: 95
- The most recent sale happened at this postcode is , 26 SANDHURST CRESCENT: £190,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 49 SANDHURST CRESCENT: £38,000 (Sold on 05 Jan 1995)
Detached
- The average price is around £170,367 median price is £161,000 Standard Deviation is £93,655 with Total Sold: 1,399
- The Last 5 Year average price is £306,875 with Total Sold: 171
- The most recent sale happened at this postcode is , 11 MERCIA CLOSE: £315,000 (Sold on 08 Aug 2024)
- The first recorded sale happened at this postcode is , 181 GRANTHAM ROAD: £60,000 (Sold on 31 Jan 1995)
Terraced
- The average price is around £107,431 median price is £109,500 Standard Deviation is £45,912 with Total Sold: 127
- The Last 5 Year average price is £172,155 with Total Sold: 19
- The most recent sale happened at this postcode is , 4 COPELAND COURT: £150,000 (Sold on 12 Apr 2024)
- The first recorded sale happened at this postcode is , 1 COPELAND COURT: £42,000 (Sold on 24 Mar 1995)
Other
- The average price is around £367,500 median price is £367,500 Standard Deviation is £67,500 with Total Sold: 2
- The Last 5 Year average price is £367,500 with Total Sold: 2
- The most recent sale happened at this postcode is , ORCHARD HOUSE NORTHFIELD ROAD: £435,000 (Sold on 17 Jun 2021)
- The first recorded sale happened at this postcode is , 190 GRANTHAM ROAD: £300,000 (Sold on 06 Jan 2021)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£221,890		5
2023	£190,994	£2,924	8
2022	£189,809	£2,864	16
2021	£190,437	£2,542	39
2020	£175,017	£2,233	27
2019	£160,223	£2,115	11
2018	£157,877	£2,018	13
2017	£137,591	£1,888	11
2016	£173,155	£1,980	11
2015	£129,652	£1,965	21
2014	£126,492	£1,863	13
2013	£111,995	£1,784	11
2012	£109,625	£1,711	8
2011	£112,917	£1,908	6
2010	£109,213	£1,689	15
2009	£118,658	£2,197	6
2008	£129,992	£1,638	13
2007	£131,950	£1,975	21
2006	£118,514	£1,764	21
2005	£121,223	£1,704	22
2004	£109,436	£1,600	25
2003	£87,015	£1,349	30
2002	£74,109	£885	21
2001	£48,396	£843	22
2000	£46,962	£765	39
1999	£42,645	£658	27
1998	£42,634	£660	36
1997	£41,074	£633	25
1996	£36,754	£622	15
1995	£39,442	£634	18

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£315,250	£2,426	12
2023	£324,046	£2,851	28
2022	£305,328	£2,853	39
2021	£300,665	£2,536	55
2020	£302,026	£2,162	37
2019	£261,129	£2,206	29
2018	£252,415	£2,176	24
2017	£241,996	£1,984	40
2016	£244,076	£1,942	40
2015	£200,888	£1,828	39
2014	£210,434	£1,846	39
2013	£194,295	£1,615	31
2012	£193,319	£1,740	32
2011	£187,974	£1,480	21
2010	£223,958	£1,575	24
2009	£204,950	£1,543	20
2008	£198,623	£1,590	32
2007	£207,423	£1,737	53
2006	£190,627	£1,676	54
2005	£175,124	£1,619	44
2004	£181,703	£1,490	70
2003	£164,057	£1,436	74
2002	£119,230	£994	81
2001	£100,728	£852	79
2000	£90,213	£754	89
1999	£86,270	£698	95
1998	£81,920	£693	82
1997	£75,335	£689	56
1996	£82,355	£699	43
1995	£70,187	£635	37

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£150,000	£3,261	1
2023	£170,612	£3,021	4
2022	£173,000	£2,973	5
2021	£178,917	£2,205	6
2020	£166,667	£2,058	3
2019	£146,183	£2,204	6
2018	£134,889	£2,265	9
2017	£138,667	£2,038	3
2016	£133,800	£1,946	5
2015	£146,000	£1,738	1
2014	£116,667	£1,973	3
2013	£103,000	£2,001	1
2012	£105,167	£1,710	3
2011	£117,200	£1,763	5
2010	£111,000	£1,920	2
2008	£138,000	£2,000	1
2007	£147,290	£1,763	5
2006	£117,679	£1,835	7
2005	£117,333	£1,581	3
2004	£92,058	£1,492	6
2003	£91,550	£1,368	5
2002	£66,725	£1,039	8
2001	£63,985	£838	10
2000	£64,738	£786	4
1999	£53,233	£684	3
1998	£44,693	£762	7
1997	£52,625	£640	2
1996	£34,500		1
1995	£46,117	£761	8

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£367,500	£2,275	2

House Type in NG34 8WP area

The most common house types in the NG34 8WP postcode area are Total (141), Semi-detached (0), and Terraced (0).

Detached	141
Total	141
Semi-detached	0
Terraced	0
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 outright (76), and Owned: Owns with a mortgage or loan (54).

Owned: Owns outright	76
Owned: Owns with a mortgage or loan	54
Private rented: Private landlord or letting agency	8
Private rented: Other private rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NG34 8WP have 2 people in household (61), and 1 person in household (35).

2 people in household	61
1 person in household	35
3 people in household	28
4 people in household	13
5 people in household	5
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0