15, LOMAX DRIVE, SLEAFORD, NG34 8FE - £190,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 LOMAX DRIVE is a very small extended detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £211,459. It was last sold for £190,000 in June 2021, which was around 30% below the average June 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

15 LOMAX DRIVE Sold Prices

Land registry data shows six sales for 15 LOMAX DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the six 15 LOMAX DRIVE 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 14 JUN	£190,000	£272,026	30% below HPI
2007 17 SEP	£157,000	£201,605	22% below HPI
2006 10 MAR	£140,000	£171,528	18% below HPI
2001 6 DEC	£73,995	£91,817	19% below HPI
2001 28 SEP	£121,995	£88,472	38% above HPI
1998 24 APR	£59,995	£66,246	9% below HPI

15 LOMAX DRIVE 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 six 15 LOMAX DRIVE sales between April 1998 and June 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 September 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 15 LOMAX DRIVE be worth now?

15 LOMAX DRIVE might now be worth an estimated £211,459.

This is based on house price inflation of 11.3%, between June 2021 and February 2025, 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 11.3% inflationary increase is applied to the most recent sale price for 15 LOMAX DRIVE of £190,000 on 14th June 2021. For the value to have increased from £190,000 to £211,459 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 15 LOMAX DRIVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LOMAX DRIVE has not materially changed since June 2021.

How Large is 15 LOMAX DRIVE?

15 LOMAX DRIVE is 76m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% 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 LOMAX DRIVE lies on this distribution: 14% of detached houses houses are smaller than 15 LOMAX DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

15 LOMAX DRIVE: Plot and Title Map

15 LOMAX DRIVE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 15 LOMAX DRIVE, 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 LOMAX DRIVE). 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 LOMAX DRIVE?

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