23, HERVEY ROAD, SLEAFORD, NG34 7LT - £250,000

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 HERVEY ROAD is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £239,728. It was last sold for £250,000 in December 2022, which was around 21% below the average December 2022 detached 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.

23 HERVEY ROAD Sold Prices

Land registry data shows three sales for 23 HERVEY ROAD 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. Two of the three 23 HERVEY ROAD sales were for below the average price, whilst one was 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
2022 15 DEC	£250,000	£315,722	21% below HPI
2006 18 OCT	£212,000	£187,571	13% above HPI
1997 16 MAY	£47,000	£64,290	27% below HPI

23 HERVEY ROAD 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 23 HERVEY ROAD sales between May 1997 and December 2022 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 October 2006 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the December 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 23 HERVEY ROAD be worth now?

23 HERVEY ROAD might now be worth an estimated £239,728.

This is based on house price deflation of 4.1%, between December 2022 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 4.1% deflationary decrease is applied to the most recent sale price for 23 HERVEY ROAD of £250,000 on 15th December 2022. For the value to have decreased from £250,000 to £239,728 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 23 HERVEY ROAD has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 23 HERVEY ROAD has not materially changed since December 2022.

How Large is 23 HERVEY ROAD?

23 HERVEY ROAD is 75m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 23 HERVEY ROAD lies on this distribution: 13% of detached houses houses are smaller than 23 HERVEY ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

23 HERVEY ROAD: Plot and Title Map

23 HERVEY ROAD sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 23 HERVEY ROAD, 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 HERVEY ROAD). 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 HERVEY ROAD?

23 HERVEY ROAD is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 23 on HERVEY ROAD.