2, NERO WAY, NORTH HYKEHAM, LINCOLN, LN6 8JP - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 NERO WAY is a midsized detached house of 102m², built sometime between 2003 and 2006. It was last sold for £285,000 in January 2023, which was around 11% below the average January 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 NERO WAY Sold Prices

Land registry data shows two sales for 2 NERO WAY 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 NERO WAY 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 27 JAN	£285,000	£320,494	11% below HPI
2020 19 JUN	£222,500	£253,301	12% below HPI

2 NERO WAY 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 NERO WAY sales from June 2020 and January 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 2020 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 NERO WAY?

2 NERO WAY is 102m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 50% 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 NERO WAY lies on this distribution: 49% of detached houses are smaller than 2 NERO WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 NERO WAY: Plot and Title Map

2 NERO WAY sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 2 NERO WAY, 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 NERO WAY). 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 NERO WAY?

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