2, HEREFORD CLOSE, SLEAFORD, NG34 8TP - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 HEREFORD CLOSE is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £221,258. It was last sold for £185,000 in January 2019, which was around 27% below the average January 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

2 HEREFORD CLOSE Sold Prices

Land registry data shows four sales for 2 HEREFORD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 HEREFORD 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
2019 30 JAN	£185,000	£253,137	27% below HPI
2014 28 OCT	£145,500	£201,752	28% below HPI
1999 19 AUG	£57,000	£72,143	21% below HPI
1996 4 APR	£54,000	£58,209	7% below HPI

2 HEREFORD 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 four 2 HEREFORD CLOSE sales between April 1996 and January 2019 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 October 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 HEREFORD CLOSE be worth now?

2 HEREFORD CLOSE might now be worth an estimated £221,258.

This is based on house price inflation of 19.6%, between January 2019 and February 2025, 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 19.6% inflationary increase is applied to the most recent sale price for 2 HEREFORD CLOSE of £185,000 on 30th January 2019. For the value to have increased from £185,000 to £221,258 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 HEREFORD CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HEREFORD CLOSE has not materially changed since January 2019.

How Large is 2 HEREFORD CLOSE?

2 HEREFORD CLOSE is 97m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 2 HEREFORD CLOSE lies on this distribution: 40% of detached houses houses are smaller than 2 HEREFORD CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

2 HEREFORD CLOSE: Plot and Title Map

2 HEREFORD CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 2 HEREFORD 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 HEREFORD 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 HEREFORD CLOSE?

2 HEREFORD CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 2 on HEREFORD CLOSE.