2, DERWENT CLOSE, NORTH HYKEHAM, LINCOLN, LN6 8ER - £210,000

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 DERWENT CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £210,000 in August 2023, which was around 31% below the average August 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

2 DERWENT CLOSE Sold Prices

Land registry data shows two sales for 2 DERWENT CLOSE since 1^st 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 DERWENT 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 25 AUG	£210,000	£303,276	31% below HPI
1998 29 JUN	£56,500	£67,587	16% below HPI

2 DERWENT 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 two 2 DERWENT CLOSE sales from June 1998 and August 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 June 1998 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 DERWENT CLOSE?

2 DERWENT CLOSE is 56m² according to the EPC inspection conducted in December 2022. 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 DERWENT CLOSE lies on this distribution: 2% of detached houses are smaller than 2 DERWENT CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 DERWENT CLOSE: Plot and Title Map

2 DERWENT CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 2 DERWENT 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 DERWENT 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 DERWENT CLOSE?

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