15, HERMES WAY, SLEAFORD, NG34 7WH - £180,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 HERMES WAY is a small extended detached house of 97m², built sometime between 2003 and 2006, which could now be worth an estimated £222,252. It was last sold for £180,000 in January 2018, which was around 25% below the average January 2018 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.

15 HERMES WAY Sold Prices

Land registry data shows five sales for 15 HERMES 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 15 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
2018 22 JAN	£180,000	£238,629	25% below HPI
2014 12 AUG	£157,500	£195,779	20% below HPI
2006 13 JUN	£156,500	£180,854	13% below HPI
2005 30 MAR	£157,000	£173,070	9% below HPI
1999 26 FEB	£61,000	£70,080	13% below HPI

15 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 five 15 HERMES WAY sales between February 1999 and January 2018 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 August 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 15 HERMES WAY be worth now?

15 HERMES WAY might now be worth an estimated £222,252.

This is based on house price inflation of 23.5%, between January 2018 and December 2024, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.5% inflationary increase is applied to the most recent sale price for 15 HERMES WAY of £180,000 on 22nd January 2018. For the value to have increased from £180,000 to £222,252 over the five years and one month to December 2024, the following assumptions must hold true:

• The value of 15 HERMES WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 15 HERMES WAY has not materially changed since January 2018.

How Large is 15 HERMES WAY?

15 HERMES WAY is 97m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 15 HERMES WAY lies on this distribution: 40% of detached houses houses are smaller than 15 HERMES WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

15 HERMES WAY: Plot and Title Map

15 HERMES WAY sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 15 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 15 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 15 HERMES WAY?

15 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 15 on HERMES WAY.