14, THE DROVE, SOUTH HYKEHAM, LINCOLN, LN6 9UF - £250,000

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

14 THE DROVE is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £250,000 in December 2022, which was around 22% below the average December 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

14 THE DROVE Sold Prices

Land registry data shows five sales for 14 THE DROVE 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 14 THE DROVE 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 5 DEC	£250,000	£319,772	22% below HPI
2012 5 MAR	£124,500	£175,684	29% below HPI
2012 2 MAR	£129,000	£175,684	27% below HPI
2001 18 MAY	£66,500	£83,308	20% below HPI
2000 5 MAY	£65,950	£77,302	15% below HPI

14 THE DROVE 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 14 THE DROVE sales between May 2000 and December 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 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 14 THE DROVE?

14 THE DROVE is 69m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in South Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in South Hykeham, and where 14 THE DROVE lies on this distribution: 2% of detached houses are smaller than 14 THE DROVE, and 98% of houses are larger. Note that EPC data is not available for all properties in South Hykeham.

14 THE DROVE: Plot and Title Map

14 THE DROVE sits on a plot of roughly 0.058 of an acre, or 237m². The below map shows the location of 14 THE DROVE, 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 14 THE DROVE). 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 14 THE DROVE?

14 THE DROVE is located in SOUTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 14 on THE DROVE.