2, THE LEA, LEASINGHAM, SLEAFORD, NG34 8JY - £147,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 THE LEA is a midsized detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £238,799. It was last sold for £147,950 in October 2006, which was around 21% below the average October 2006 detached price in the North Kesteven local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

2 THE LEA Sold Prices

Land registry data shows three sales for 2 THE LEA 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 THE 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
2006 24 OCT	£147,950	£187,571	21% below HPI
2005 23 SEP	£144,000	£176,460	18% below HPI
1996 28 FEB	£52,000	£56,894	9% below HPI

2 THE 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 three 2 THE LEA sales between February 1996 and October 2006 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 September 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2006 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 THE LEA be worth now?

2 THE LEA might now be worth an estimated £238,799.

This is based on house price inflation of 61.4%, between October 2006 and February 2025, 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 61.4% inflationary increase is applied to the most recent sale price for 2 THE LEA of £147,950 on 24th October 2006. For the value to have increased from £147,950 to £238,799 over the nineteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 THE LEA has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2006 sale price of £147,950 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LEA has not materially changed since October 2006.

How Large is 2 THE LEA?

2 THE LEA is 92m² according to the EPC inspection conducted in December 2015. This puts it in the largest 50% of detached houses houses in Leasingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leasingham, and where 2 THE LEA lies on this distribution: 56% of detached houses houses are smaller than 2 THE LEA, and 43% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

2 THE LEA: Plot and Title Map

2 THE LEA sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 2 THE 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 THE 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 THE LEA?

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