3, FERROUS WAY, NORTH HYKEHAM, LINCOLN, LN6 9ZN - £249,000

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

3 FERROUS WAY is a midsized detached house of 106m². It was last sold for £249,000 in August 2021, which was around 12% below the average August 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2015, where the current energy rating was B, and the potential energy rating was A.

3 FERROUS WAY Sold Prices

Land registry data shows two sales for 3 FERROUS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 3 FERROUS 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 2 AUG	£249,000	£282,296	12% below HPI
2015 4 DEC	£202,500	£211,694	4% below HPI

3 FERROUS 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 two 3 FERROUS WAY sales from December 2015 and August 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 December 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 FERROUS WAY?

3 FERROUS WAY is 106m² according to the EPC inspection conducted in August 2015. This puts it in the largest 50% 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 3 FERROUS WAY lies on this distribution: 52% of detached houses are smaller than 3 FERROUS WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

3 FERROUS WAY: Plot and Title Map

3 FERROUS WAY sits on a plot of roughly 22.6 acres, or 91,307m². The below map shows the location of 3 FERROUS 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 3 FERROUS 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 3 FERROUS WAY?

3 FERROUS WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 3 on FERROUS WAY.