3, LOMAX DRIVE, SLEAFORD, NG34 8FE - £235,000

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

3 LOMAX DRIVE is a very large extended detached house of 136m², built sometime between 1996 and 2002. It was last sold for £235,000 in December 2017, which was around 3% below the average December 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

3 LOMAX DRIVE Sold Prices

Land registry data shows five sales for 3 LOMAX DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the five 3 LOMAX DRIVE 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
2017 20 DEC	£235,000	£243,033	3% below HPI
2011 21 DEC	£163,500	£180,192	9% below HPI
2003 12 JUN	£164,000	£145,240	13% above HPI
2001 15 AUG	£114,500	£86,657	32% above HPI
1997 23 MAY	£94,950	£65,115	46% above HPI

3 LOMAX DRIVE 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 five 3 LOMAX DRIVE sales between May 1997 and December 2017 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 2011 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 LOMAX DRIVE?

3 LOMAX DRIVE is 136m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 3 LOMAX DRIVE lies on this distribution: 82% of detached houses are smaller than 3 LOMAX DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

3 LOMAX DRIVE: Plot and Title Map

3 LOMAX DRIVE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 3 LOMAX DRIVE, 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 LOMAX DRIVE). 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 LOMAX DRIVE?

3 LOMAX DRIVE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 3 on LOMAX DRIVE.