16, FALCON WAY, SLEAFORD, NG34 7UA - £131,500

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.

16 FALCON WAY is a very small detached house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £195,765. It was last sold for £131,500 in July 2015, which was around 35% below the average July 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

16 FALCON WAY Sold Prices

Land registry data shows five sales for 16 FALCON 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 16 FALCON 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
2015 3 JUL	£131,500	£203,364	35% below HPI
2008 29 FEB	£125,000	£186,260	33% below HPI
2006 10 MAR	£118,600	£171,528	31% below HPI
2001 14 DEC	£59,995	£91,817	35% below HPI
1998 1 MAY	£46,950	£66,579	29% below HPI

16 FALCON 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 16 FALCON WAY sales between May 1998 and July 2015 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 2008 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2015 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 16 FALCON WAY be worth now?

16 FALCON WAY might now be worth an estimated £195,765.

This is based on house price inflation of 48.9%, between July 2015 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 48.9% inflationary increase is applied to the most recent sale price for 16 FALCON WAY of £131,500 on 3rd July 2015. For the value to have increased from £131,500 to £195,765 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 16 FALCON WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2015 sale price of £131,500 represented a fair market value for the property.
• The size, condition, and specification of 16 FALCON WAY has not materially changed since July 2015.

How Large is 16 FALCON WAY?

16 FALCON WAY is 70m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% 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 16 FALCON WAY lies on this distribution: 9% of detached houses houses are smaller than 16 FALCON WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

16 FALCON WAY: Plot and Title Map

16 FALCON WAY sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 16 FALCON 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 16 FALCON 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 16 FALCON WAY?

16 FALCON WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 16 on FALCON WAY.