18, PARK LEA, RUSKINGTON, SLEAFORD, NG34 9HU - £270,000

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

18 PARK LEA is a very small detached house of 80m², built sometime between 1996 and 2002, which could now be worth an estimated £248,093. It was last sold for £270,000 in November 2022, which was around 16% below the average November 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

18 PARK LEA Sold Prices

Land registry data shows three sales for 18 PARK LEA 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 18 PARK LEA 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
2022 29 NOV	£270,000	£320,660	16% below HPI
2003 9 DEC	£124,500	£152,174	18% below HPI
1996 2 OCT	£55,000	£62,362	12% below HPI

18 PARK LEA 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 18 PARK LEA sales between October 1996 and November 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 December 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 18 PARK LEA be worth now?

18 PARK LEA might now be worth an estimated £248,093.

This is based on house price deflation of 8.1%, between November 2022 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 8.1% deflationary decrease is applied to the most recent sale price for 18 PARK LEA of £270,000 on 29th November 2022. For the value to have decreased from £270,000 to £248,093 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 18 PARK LEA has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PARK LEA has not materially changed since November 2022.

How Large is 18 PARK LEA?

18 PARK LEA is 80m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of detached houses houses in Ruskington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ruskington, and where 18 PARK LEA lies on this distribution: 18% of detached houses houses are smaller than 18 PARK LEA, and 81% of houses are larger. Note that EPC data is not available for all properties in Ruskington.

18 PARK LEA: Plot and Title Map

18 PARK LEA sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 18 PARK LEA, 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 PARK LEA). 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 PARK LEA?

18 PARK LEA is located in RUSKINGTON, in the NG34 postcode district. The below map shows the position of No. 18 on PARK LEA.