2, OAK WAY, HECKINGTON, SLEAFORD, NG34 9FG - £600,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 OAK WAY is a very large detached house of 213m², built sometime between 1996 and 2002, which could now be worth an estimated £588,325. It was last sold for £600,000 in June 2022, which was around 100% above the average June 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

2 OAK WAY Sold Prices

Land registry data shows three sales for 2 OAK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 2 OAK 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
2022 21 JUN	£600,000	£300,490	100% above HPI
2010 10 AUG	£450,000	£181,513	148% above HPI
2000 8 SEP	£225,000	£80,678	179% above HPI

2 OAK 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 three 2 OAK WAY sales between September 2000 and June 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 August 2010 sale was for 148% above the HPI. So the extrapolation line tracks at 148% above the HPI over time, until the June 2022 sale, where it falls to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 2 OAK WAY be worth now?

2 OAK WAY might now be worth an estimated £588,325.

This is based on house price deflation of 1.9%, between June 2022 and December 2024, 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 1.9% deflationary decrease is applied to the most recent sale price for 2 OAK WAY of £600,000 on 21st June 2022. For the value to have decreased from £600,000 to £588,325 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 2 OAK WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2022 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK WAY has not materially changed since June 2022.

How Large is 2 OAK WAY?

2 OAK WAY is 213m² according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses houses in Heckington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heckington, and where 2 OAK WAY lies on this distribution: 95% of detached houses houses are smaller than 2 OAK WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Heckington.

2 OAK WAY: Plot and Title Map

2 OAK WAY sits on a plot of roughly 0.377 of an acre, or 1,525m². The below map shows the location of 2 OAK 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 OAK 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 OAK WAY?

2 OAK WAY is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 2 on OAK WAY.