31, CHESTNUT ROAD, NORTH HYKEHAM, LINCOLN, LN6 8LS - £235,000

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

31 CHESTNUT ROAD is a very small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £235,000 in October 2023, which was around 21% below the average October 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

31 CHESTNUT ROAD Sold Prices

Land registry data shows two sales for 31 CHESTNUT ROAD 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 31 CHESTNUT 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
2023 20 OCT	£235,000	£298,735	21% below HPI
2004 1 OCT	£150,000	£170,125	12% below HPI

31 CHESTNUT 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 two 31 CHESTNUT ROAD sales from October 2004 and October 2023 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 October 2004 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 31 CHESTNUT ROAD?

31 CHESTNUT ROAD is 75m², which includes one extension, according to the EPC inspection conducted in November 2015. 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 31 CHESTNUT ROAD lies on this distribution: 15% of detached houses are smaller than 31 CHESTNUT ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

31 CHESTNUT ROAD: Plot and Title Map

31 CHESTNUT ROAD sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 31 CHESTNUT 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 31 CHESTNUT 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 31 CHESTNUT ROAD?

31 CHESTNUT ROAD is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 31 on CHESTNUT ROAD.