294, NEWARK ROAD, NORTH HYKEHAM, LINCOLN, LN6 8JX - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

294 NEWARK ROAD is a large detached house of 118m², built sometime between 1976 and 1982. It was last sold for £295,000 in June 2018, which was around 18% above the average June 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

294 NEWARK ROAD Sold Prices

Land registry data shows three sales for 294 NEWARK 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 294 NEWARK ROAD sales were for above the average price, whilst one was 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
2018 29 JUN	£295,000	£249,046	18% above HPI
2004 20 MAY	£229,950	£162,824	41% above HPI
2000 31 MAR	£64,000	£74,351	14% below HPI

294 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 three 294 NEWARK ROAD sales between March 2000 and June 2018 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 2004 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the June 2018 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 294 NEWARK ROAD?

294 NEWARK ROAD is 118m² according to the EPC inspection conducted in November 2017. This puts it in the largest 40% 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 294 NEWARK ROAD lies on this distribution: 67% of detached houses are smaller than 294 NEWARK ROAD, and 33% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

294 NEWARK ROAD: Plot and Title Map

294 NEWARK ROAD sits on a plot of roughly 0.207 of an acre, or 836m². The below map shows the location of 294 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 294 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 294 NEWARK ROAD?

294 NEWARK ROAD is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 294 on NEWARK ROAD.