16, NICHOLAS WAY, CORRINGHAM, GAINSBOROUGH, DN21 5QE - £435,000

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

16 NICHOLAS WAY is a large extended detached house of 184m², built sometime between 2003 and 2006, which could now be worth an estimated £429,662. It was last sold for £435,000 in July 2022, which was around 51% above the average July 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

16 NICHOLAS WAY Sold Prices

Land registry data shows two sales for 16 NICHOLAS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 16 NICHOLAS WAY sales were for above 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 13 JUL	£435,000	£288,459	51% above HPI
2004 27 OCT	£299,500	£174,583	72% above HPI

16 NICHOLAS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 16 NICHOLAS WAY sales from October 2004 and July 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 October 2004 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the July 2022 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 16 NICHOLAS WAY be worth now?

16 NICHOLAS WAY might now be worth an estimated £429,662.

This is based on house price deflation of 1.2%, between July 2022 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% deflationary decrease is applied to the most recent sale price for 16 NICHOLAS WAY of £435,000 on 13th July 2022. For the value to have decreased from £435,000 to £429,662 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 16 NICHOLAS WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2022 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 16 NICHOLAS WAY has not materially changed since July 2022.

How Large is 16 NICHOLAS WAY?

16 NICHOLAS WAY is 184m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corringham, and where 16 NICHOLAS WAY lies on this distribution: 74% of detached houses houses are smaller than 16 NICHOLAS WAY, and 26% of houses are larger. Note that EPC data is not available for all properties in Corringham.

16 NICHOLAS WAY: Plot and Title Map

16 NICHOLAS WAY sits on a plot of roughly 0.230 of an acre, or 929m². The below map shows the location of 16 NICHOLAS 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 NICHOLAS 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 NICHOLAS WAY?

16 NICHOLAS WAY is located in CORRINGHAM, in the DN21 postcode district. The below map shows the position of No. 16 on NICHOLAS WAY.