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
2 COLCHESTER MEWS is a large detached house of 123m², built sometime between 1996 and 2002. It was last sold for £220,000 in October 2014, which was around 8% above the average October 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows two sales for 2 COLCHESTER MEWS since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 2 COLCHESTER MEWS 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 |
---|---|---|---|
2014 3 OCT | £220,000 | £204,340 | 8% above HPI |
2002 27 SEP | £169,950 | £117,288 | 45% above HPI |
The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 2 COLCHESTER MEWS sales from September 2002 and October 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 September 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2014 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.
2 COLCHESTER MEWS is 123m² according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 2 COLCHESTER MEWS lies on this distribution: 70% of detached houses are smaller than 2 COLCHESTER MEWS, and 29% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.
2 COLCHESTER MEWS sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 2 COLCHESTER MEWS, 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 2 COLCHESTER MEWS). 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.
2 COLCHESTER MEWS is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 2 on COLCHESTER MEWS.