2, RICHMOND DRIVE, NORTH HYKEHAM, LINCOLN, LN6 8QY - £197,000

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 RICHMOND DRIVE is a small semi-detached house of 86m², built sometime between 1967 and 1975. It was last sold for £197,000 in June 2023, which was around 2% below the average June 2023 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 2 RICHMOND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. One of the three 2 RICHMOND DRIVE sales was for below the average price, whilst two 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
2023 29 JUN	£197,000	£200,089	2% below HPI
2013 16 AUG	£125,000	£121,224	3% above HPI
2004 27 FEB	£115,000	£100,311	15% above HPI

2 RICHMOND DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 2 RICHMOND DRIVE sales between February 2004 and June 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 August 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2023 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 RICHMOND DRIVE be worth now?

2 RICHMOND DRIVE might now be worth an estimated £195,632.

This is based on house price deflation of 0.7%, between June 2023 and December 2024, for semi-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 0.7% deflationary decrease is applied to the most recent sale price for 2 RICHMOND DRIVE of £197,000 on 29th June 2023. For the value to have decreased from £197,000 to £195,632 over the six months to December 2024, the following assumptions must hold true:

• The value of 2 RICHMOND DRIVE has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The June 2023 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHMOND DRIVE has not materially changed since June 2023.

How Large is 2 RICHMOND DRIVE?

2 RICHMOND DRIVE is 86m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of semi-detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Hykeham, and where 2 RICHMOND DRIVE lies on this distribution: 29% of semi-detached houses houses are smaller than 2 RICHMOND DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

2 RICHMOND DRIVE: Plot and Title Map

2 RICHMOND DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

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