2, CRESTA CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9SQ - £225,000

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

2 CRESTA CLOSE is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £225,000 in July 2023, which was around 27% below the average July 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

2 CRESTA CLOSE Sold Prices

Land registry data shows three sales for 2 CRESTA CLOSE 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 2 CRESTA CLOSE 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
2023 12 JUL	£225,000	£306,567	27% below HPI
2018 5 JAN	£177,000	£241,690	27% below HPI
2003 3 MAR	£95,000	£135,197	30% below HPI

2 CRESTA CLOSE 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 2 CRESTA CLOSE sales between March 2003 and July 2023 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 January 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2023 sale, which was also at 27% below the HPI.

How Large is 2 CRESTA CLOSE?

2 CRESTA CLOSE is 63m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% 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 CRESTA CLOSE lies on this distribution: 6% of detached houses are smaller than 2 CRESTA CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 CRESTA CLOSE: Plot and Title Map

2 CRESTA CLOSE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 2 CRESTA CLOSE, 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 CRESTA CLOSE). 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 2 CRESTA CLOSE?

2 CRESTA CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 2 on CRESTA CLOSE.