2, LEYS CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9FF - £615,000

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 LEYS CLOSE is a very large detached house of 271m², built sometime between 2003 and 2006, which could now be worth an estimated £584,342. It was last sold for £615,000 in October 2022, which was around 93% above the average October 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

2 LEYS CLOSE Sold Prices

Land registry data shows two sales for 2 LEYS 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 LEYS CLOSE 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
2022 24 OCT	£615,000	£318,633	93% above HPI
2005 18 MAY	£385,000	£176,615	118% above HPI

2 LEYS 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 LEYS CLOSE sales from May 2005 and October 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 May 2005 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the October 2022 sale, where it falls to 93% above the HPI. The line then continues to track at 93% above the HPI.

What might 2 LEYS CLOSE be worth now?

2 LEYS CLOSE might now be worth an estimated £584,342.

This is based on house price deflation of 5%, between October 2022 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 5% deflationary decrease is applied to the most recent sale price for 2 LEYS CLOSE of £615,000 on 24th October 2022. For the value to have decreased from £615,000 to £584,342 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LEYS CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2022 sale price of £615,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LEYS CLOSE has not materially changed since October 2022.

How Large is 2 LEYS CLOSE?

2 LEYS CLOSE is 271m² according to the EPC inspection conducted in July 2022. This puts it in the largest 10% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 2 LEYS CLOSE lies on this distribution: More than 99% of detached houses houses are smaller than 2 LEYS CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 LEYS CLOSE: Plot and Title Map

2 LEYS CLOSE sits on a plot of roughly 0.260 of an acre, or 1,051m². The below map shows the location of 2 LEYS 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 LEYS 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 LEYS CLOSE?

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