16, OAK WAY, HECKINGTON, SLEAFORD, NG34 9FG - £486,000

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 OAK WAY is a very large extended detached house of 220m², built sometime between 2003 and 2006, which could now be worth an estimated £472,783. It was last sold for £486,000 in October 2024, which was around 60% above the average October 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

16 OAK WAY Sold Prices

Land registry data shows four sales for 16 OAK WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 16 OAK 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
2024 4 OCT	£486,000	£302,880	60% above HPI
2019 5 DEC	£460,000	£255,449	80% above HPI
2016 27 APR	£395,000	£216,147	83% above HPI
2004 18 AUG	£383,000	£169,641	126% above HPI

16 OAK 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 four 16 OAK WAY sales between August 2004 and October 2024 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 December 2019 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the October 2024 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 16 OAK WAY be worth now?

16 OAK WAY might now be worth an estimated £472,783.

This is based on house price deflation of 2.7%, between October 2024 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 2.7% deflationary decrease is applied to the most recent sale price for 16 OAK WAY of £486,000 on 4th October 2024. For the value to have decreased from £486,000 to £472,783 over the ten months to December 2024, the following assumptions must hold true:

• The value of 16 OAK WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2024 sale price of £486,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OAK WAY has not materially changed since October 2024.

How Large is 16 OAK WAY?

16 OAK WAY is 220m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses houses in Heckington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heckington, and where 16 OAK WAY lies on this distribution: 96% of detached houses houses are smaller than 16 OAK WAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Heckington.

16 OAK WAY: Plot and Title Map

16 OAK WAY sits on a plot of roughly 0.194 of an acre, or 784m². The below map shows the location of 16 OAK 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 OAK 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 OAK WAY?

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