11, NERO WAY, NORTH HYKEHAM, LINCOLN, LN6 8JP - £237,500

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

11 NERO WAY is a very small detached house of 76m², built sometime from 2007 onwards. It was last sold for £237,500 in October 2022, which was around 26% below the average October 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

11 NERO WAY Sold Prices

Land registry data shows five sales for 11 NERO WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the five 11 NERO 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
2022 26 OCT	£237,500	£322,721	26% below HPI
2015 11 MAR	£162,000	£199,271	19% below HPI
2014 28 NOV	£175,000	£204,807	15% below HPI
2013 27 SEP	£162,000	£187,148	13% below HPI
2007 30 NOV	£170,050	£198,206	14% below HPI

11 NERO 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 five 11 NERO WAY sales between November 2007 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 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 11 NERO WAY?

11 NERO WAY is 76m² according to the EPC inspection conducted in October 2014. 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 11 NERO WAY lies on this distribution: 16% of detached houses are smaller than 11 NERO WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

11 NERO WAY: Plot and Title Map

11 NERO WAY sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 11 NERO 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 11 NERO 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 11 NERO WAY?

11 NERO WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 11 on NERO WAY.