27, HERMES WAY, SLEAFORD, NG34 7WH - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

27 HERMES WAY is a small extended detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £370,593. It was last sold for £375,000 in January 2024, which was around 26% above the average January 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

27 HERMES WAY Sold Prices

Land registry data shows four sales for 27 HERMES WAY 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 27 HERMES WAY 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
2024 8 JAN	£375,000	£298,147	26% above HPI
2020 10 DEC	£290,000	£268,109	8% above HPI
2003 28 FEB	£182,000	£130,146	40% above HPI
2000 5 MAY	£103,000	£76,323	35% above HPI

27 HERMES WAY 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 27 HERMES WAY sales between May 2000 and January 2024 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 December 2020 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2024 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 27 HERMES WAY be worth now?

27 HERMES WAY might now be worth an estimated £370,593.

This is based on house price deflation of 1.2%, between January 2024 and December 2024, 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 1.2% deflationary decrease is applied to the most recent sale price for 27 HERMES WAY of £375,000 on 8th January 2024. For the value to have decreased from £375,000 to £370,593 over the one month to December 2024, the following assumptions must hold true:

• The value of 27 HERMES WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 27 HERMES WAY has not materially changed since January 2024.

How Large is 27 HERMES WAY?

27 HERMES WAY is 96m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% 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 27 HERMES WAY lies on this distribution: 39% of detached houses houses are smaller than 27 HERMES WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

27 HERMES WAY: Plot and Title Map

27 HERMES WAY sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 27 HERMES 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 27 HERMES 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 27 HERMES WAY?

27 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 27 on HERMES WAY.