31, LOMAX DRIVE, SLEAFORD, NG34 8FE - £149,000

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

31 LOMAX DRIVE is a very small semi-detached house of 81m², built sometime between 1991 and 1995. It was last sold for £149,000 in May 2015, which was around 26% below the average May 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

31 LOMAX DRIVE Sold Prices

Land registry data shows three sales for 31 LOMAX DRIVE 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. All of the three 31 LOMAX DRIVE 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
2015 8 MAY	£149,000	£201,393	26% below HPI
2007 2 MAY	£143,000	£195,404	27% below HPI
1998 28 AUG	£57,902	£66,883	13% below HPI

31 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 three 31 LOMAX DRIVE sales between August 1998 and May 2015 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 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2015 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 31 LOMAX DRIVE?

31 LOMAX DRIVE is 81m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 31 LOMAX DRIVE lies on this distribution: 19% of detached houses are smaller than 31 LOMAX DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

31 LOMAX DRIVE: Plot and Title Map

31 LOMAX DRIVE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 31 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 31 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 31 LOMAX DRIVE?

31 LOMAX DRIVE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 31 on LOMAX DRIVE.