16, HERMES WAY, SLEAFORD, NG34 7WH - £147,500

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

16 HERMES WAY is a very small extended detached house of 75m², built sometime between 1996 and 2002. It was last sold for £147,500 in March 2014, which was around 22% below the average March 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

16 HERMES WAY Sold Prices

Land registry data shows three sales for 16 HERMES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 16 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
2014 31 MAR	£147,500	£188,038	22% below HPI
2002 8 NOV	£117,000	£122,156	4% below HPI
1999 1 MAR	£59,000	£70,736	17% below HPI

16 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 three 16 HERMES WAY sales between March 1999 and March 2014 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 November 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 16 HERMES WAY?

16 HERMES WAY is 75m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 16 HERMES WAY lies on this distribution: 13% of detached houses are smaller than 16 HERMES WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

16 HERMES WAY: Plot and Title Map

16 HERMES WAY sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 16 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 16 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 16 HERMES WAY?

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