2, PARK LEA, RUSKINGTON, SLEAFORD, NG34 9HU - £190,000

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 PARK LEA is a very small extended detached house of 78m², built sometime between 1976 and 1982. It was last sold for £190,000 in July 2016, which was around 15% below the average July 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

2 PARK LEA Sold Prices

Land registry data shows two sales for 2 PARK LEA 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 PARK LEA 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
2016 13 JUL	£190,000	£223,262	15% below HPI
2016 29 JAN	£117,000	£214,934	46% below HPI

2 PARK LEA 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 PARK LEA sales from January 2016 and July 2016 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 January 2016 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 PARK LEA?

2 PARK LEA is 78m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Ruskington, based on EPC data. The below chart shows the distribution of detached houses by size in Ruskington, and where 2 PARK LEA lies on this distribution: 15% of detached houses are smaller than 2 PARK LEA, and 84% of houses are larger. Note that EPC data is not available for all properties in Ruskington.

2 PARK LEA: Plot and Title Map

2 PARK LEA sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 2 PARK LEA, 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 PARK LEA). 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 PARK LEA?

2 PARK LEA is located in RUSKINGTON, in the NG34 postcode district. The below map shows the position of No. 2 on PARK LEA.