1, CHAPEL LANE, NORTH HYKEHAM, LINCOLN, LN6 9QZ - £200,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CHAPEL LANE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £200,000 in October 2022, which was around 38% below the average October 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

1 CHAPEL LANE Sold Prices

Land registry data shows three sales for 1 CHAPEL LANE 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. All of the three 1 CHAPEL LANE 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
2022 17 OCT	£200,000	£322,721	38% below HPI
2021 26 MAR	£230,000	£272,889	16% below HPI
2019 25 JAN	£190,000	£256,384	26% below HPI

1 CHAPEL LANE 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 1 CHAPEL LANE sales between January 2019 and October 2022 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 March 2021 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 1 CHAPEL LANE?

1 CHAPEL LANE is 70m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 1 CHAPEL LANE lies on this distribution: 10% of detached houses are smaller than 1 CHAPEL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

1 CHAPEL LANE: Plot and Title Map

1 CHAPEL LANE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 1 CHAPEL LANE, 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 1 CHAPEL LANE). 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 1 CHAPEL LANE?

1 CHAPEL LANE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 1 on CHAPEL LANE.