1, HERMES WAY, SLEAFORD, NG34 7WH - £216,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HERMES WAY is a midsized extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £216,000 in April 2021, which was around 21% below the average April 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

1 HERMES WAY Sold Prices

Land registry data shows four sales for 1 HERMES WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the four 1 HERMES WAY 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 27 APR	£216,000	£273,517	21% below HPI
2007 23 FEB	£175,000	£190,020	8% below HPI
2001 29 MAR	£92,000	£81,593	13% above HPI
1998 28 MAY	£66,000	£67,433	2% below HPI

1 HERMES WAY 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 four 1 HERMES WAY sales between May 1998 and April 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1 HERMES WAY?

1 HERMES WAY is 99m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 1 HERMES WAY lies on this distribution: 42% of detached houses are smaller than 1 HERMES WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

1 HERMES WAY: Plot and Title Map

1 HERMES WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 1 HERMES WAY, 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 HERMES WAY). 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 HERMES WAY?

1 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 1 on HERMES WAY.