22, BANKS LANE, HECKINGTON, SLEAFORD, NG34 9QY - £129,950

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.

22 BANKS LANE is a very small terraced house of 52m², built sometime before 1900, which could now be worth an estimated £157,637. It was last sold for £129,950 in August 2018, which was around 5% below the average August 2018 terraced price in the North Kesteven local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

22 BANKS LANE Sold Prices

Land registry data shows six sales for 22 BANKS LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the North Kesteven local authority area for the corresponding sale date. Most of the six 22 BANKS LANE 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
2018 16 AUG	£129,950	£136,186	5% below HPI
2012 13 FEB	£100,500	£95,700	5% above HPI
2010 26 AUG	£108,500	£101,235	7% above HPI
2007 27 JUL	£115,000	£113,418	1% above HPI
2003 21 FEB	£83,000	£65,839	26% above HPI
2001 22 JUN	£44,500	£41,805	6% above HPI

22 BANKS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Kesteven local authority area over time, sourced from the HPI. The six 22 BANKS LANE sales between June 2001 and August 2018 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 February 2012 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2018 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 22 BANKS LANE be worth now?

22 BANKS LANE might now be worth an estimated £157,637.

This is based on house price inflation of 21.3%, between August 2018 and July 2025, for terraced 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 21.3% inflationary increase is applied to the most recent sale price for 22 BANKS LANE of £129,950 on 16th August 2018. For the value to have increased from £129,950 to £157,637 over the seven years and one month to July 2025, the following assumptions must hold true:

• The value of 22 BANKS LANE has moved in line with the HPI for terraced houses in the North Kesteven local authority area.
• The August 2018 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 22 BANKS LANE has not materially changed since August 2018.

How Large is 22 BANKS LANE?

22 BANKS LANE is 52m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of terraced houses houses in Heckington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Heckington, and where 22 BANKS LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 22 BANKS LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Heckington.

22 BANKS LANE: Plot and Title Map

22 BANKS LANE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 22 BANKS LANE, 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 22 BANKS LANE). 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 22 BANKS LANE?

22 BANKS LANE is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 22 on BANKS LANE.