245, NEWARK ROAD, NORTH HYKEHAM, LINCOLN, LN6 8QE - £205,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

245 NEWARK ROAD is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £205,000 in December 2021, which was around 29% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

245 NEWARK ROAD Sold Prices

Land registry data shows four sales for 245 NEWARK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 245 NEWARK ROAD 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 2 DEC	£205,000	£289,408	29% below HPI
2019 20 AUG	£140,000	£251,679	44% below HPI
2005 26 SEP	£138,000	£178,724	23% below HPI
1999 15 APR	£47,000	£69,804	33% below HPI

245 NEWARK 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 four 245 NEWARK ROAD sales between April 1999 and December 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 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 245 NEWARK ROAD?

245 NEWARK ROAD is 72m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 245 NEWARK ROAD lies on this distribution: 12% of detached houses are smaller than 245 NEWARK ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

245 NEWARK ROAD: Plot and Title Map

245 NEWARK ROAD sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 245 NEWARK 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 245 NEWARK 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 245 NEWARK ROAD?

245 NEWARK ROAD is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 245 on NEWARK ROAD.