2, NICHOLAS WAY, CORRINGHAM, GAINSBOROUGH, DN21 5QE - £272,000

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 NICHOLAS WAY is a small detached house of 126m², built sometime from 2007 onwards. It was last sold for £272,000 in July 2021, which was around 6% above the average July 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

2 NICHOLAS WAY Sold Prices

Land registry data shows two sales for 2 NICHOLAS 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 West Lindsey local authority area for the corresponding sale date. Both of the two 2 NICHOLAS WAY 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
2021 23 JUL	£272,000	£257,466	6% above HPI
2004 26 NOV	£199,500	£171,956	16% above HPI

2 NICHOLAS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 2 NICHOLAS WAY sales from November 2004 and July 2021 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 November 2004 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 2 NICHOLAS WAY?

2 NICHOLAS WAY is 126m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses by size in Corringham, and where 2 NICHOLAS WAY lies on this distribution: 29% of detached houses are smaller than 2 NICHOLAS WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Corringham.

2 NICHOLAS WAY: Plot and Title Map

2 NICHOLAS WAY sits on a plot of roughly 244.2 acres, or 988,072m². The below map shows the location of 2 NICHOLAS 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 NICHOLAS 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 NICHOLAS WAY?

2 NICHOLAS WAY is located in CORRINGHAM, in the DN21 postcode district. The below map shows the position of No. 2 on NICHOLAS WAY.