18, NICHOLAS WAY, CORRINGHAM, GAINSBOROUGH, DN21 5QE - £418,000

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

18 NICHOLAS WAY is a very large detached house of 206m², built sometime between 2003 and 2006. It was last sold for £418,000 in April 2022, which was around 54% above the average April 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

18 NICHOLAS WAY Sold Prices

Land registry data shows three sales for 18 NICHOLAS 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 West Lindsey local authority area for the corresponding sale date. All of the three 18 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 29 APR	£418,000	£271,455	54% above HPI
2016 23 MAR	£310,000	£197,382	57% above HPI
2004 14 NOV	£299,500	£171,956	74% above HPI

18 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 three 18 NICHOLAS WAY sales between November 2004 and April 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 March 2016 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the April 2022 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 18 NICHOLAS WAY?

18 NICHOLAS WAY is 206m² according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses by size in Corringham, and where 18 NICHOLAS WAY lies on this distribution: 84% of detached houses are smaller than 18 NICHOLAS WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Corringham.

18 NICHOLAS WAY: Plot and Title Map

18 NICHOLAS WAY sits on a plot of roughly 244.2 acres, or 988,072m². The below map shows the location of 18 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 18 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 18 NICHOLAS WAY?

18 NICHOLAS WAY is located in CORRINGHAM, in the DN21 postcode district. The below map shows the position of No. 18 on NICHOLAS WAY.