24, HEREWARD WAY, BILLINGBOROUGH, SLEAFORD, NG34 0NZ - £153,000

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.

24 HEREWARD WAY is a very small semi-detached house of 67m², built sometime between 2003 and 2006, which could now be worth an estimated £176,680. It was last sold for £153,000 in February 2021, which was around 25% below the average February 2021 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

24 HEREWARD WAY Sold Prices

Land registry data shows three sales for 24 HEREWARD WAY 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 South Kesteven local authority area for the corresponding sale date. All of the three 24 HEREWARD WAY 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
2021 19 FEB	£153,000	£204,592	25% below HPI
2010 24 MAY	£100,000	£133,571	25% below HPI
2005 31 AUG	£124,000	£135,545	9% below HPI

24 HEREWARD WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 24 HEREWARD WAY sales between August 2005 and February 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 May 2010 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2021 sale, which was also at 25% below the HPI.

What might 24 HEREWARD WAY be worth now?

24 HEREWARD WAY might now be worth an estimated £176,680.

This is based on house price inflation of 15.5%, between February 2021 and February 2025, for semi-detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for 24 HEREWARD WAY of £153,000 on 19th February 2021. For the value to have increased from £153,000 to £176,680 over the four years to February 2025, the following assumptions must hold true:

• The value of 24 HEREWARD WAY has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The February 2021 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of 24 HEREWARD WAY has not materially changed since February 2021.

How Large is 24 HEREWARD WAY?

24 HEREWARD WAY is 67m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of semi-detached houses houses in Billingborough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Billingborough, and where 24 HEREWARD WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 24 HEREWARD WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Billingborough.

24 HEREWARD WAY: Plot and Title Map

24 HEREWARD WAY sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 24 HEREWARD WAY, 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 24 HEREWARD WAY). 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 24 HEREWARD WAY?

24 HEREWARD WAY is located in BILLINGBOROUGH, in the NG34 postcode district. The below map shows the position of No. 24 on HEREWARD WAY.