23, FURNACE CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9ZR - £263,000

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.

23 FURNACE CLOSE is a midsized detached house of 110m², which could now be worth an estimated £292,704. It was last sold for £263,000 in June 2021, which was around 3% below the average June 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

23 FURNACE CLOSE Sold Prices

Land registry data shows two sales for 23 FURNACE CLOSE 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. One of the two 23 FURNACE CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2021 25 JUN	£263,000	£272,026	3% below HPI
2018 31 AUG	£249,999	£250,034	Close to HPI

23 FURNACE CLOSE 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 23 FURNACE CLOSE sales from August 2018 and June 2021 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 2018 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 23 FURNACE CLOSE be worth now?

23 FURNACE CLOSE might now be worth an estimated £292,704.

This is based on house price inflation of 11.3%, between June 2021 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 11.3% inflationary increase is applied to the most recent sale price for 23 FURNACE CLOSE of £263,000 on 25th June 2021. For the value to have increased from £263,000 to £292,704 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 23 FURNACE CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2021 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 23 FURNACE CLOSE has not materially changed since June 2021.

How Large is 23 FURNACE CLOSE?

23 FURNACE CLOSE is 110m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 23 FURNACE CLOSE lies on this distribution: 58% of detached houses houses are smaller than 23 FURNACE CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

23 FURNACE CLOSE: Plot and Title Map

23 FURNACE CLOSE sits on a plot of roughly 22.6 acres, or 91,307m². The below map shows the location of 23 FURNACE CLOSE, 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 23 FURNACE CLOSE). 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 23 FURNACE CLOSE?

23 FURNACE CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 23 on FURNACE CLOSE.