33, HERMES WAY, SLEAFORD, NG34 7WH - £199,000

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

33 HERMES WAY is a large extended detached house of 118m², built sometime between 1996 and 2002. It was last sold for £199,000 in February 2016, which was around 8% below the average February 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

33 HERMES WAY Sold Prices

Land registry data shows five sales for 33 HERMES WAY 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. The five 33 HERMES WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2016 5 FEB	£199,000	£216,943	8% below HPI
2010 19 JAN	£182,950	£182,906	Close to HPI
2008 2 MAY	£180,000	£193,595	7% below HPI
2002 12 DEC	£149,950	£123,929	21% above HPI
2000 25 FEB	£85,000	£73,433	16% above HPI

33 HERMES 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 five 33 HERMES WAY sales between February 2000 and February 2016 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 January 2010 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 33 HERMES WAY?

33 HERMES WAY is 118m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the largest 40% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 33 HERMES WAY lies on this distribution: 67% of detached houses are smaller than 33 HERMES WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

33 HERMES WAY: Plot and Title Map

33 HERMES WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 33 HERMES 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 33 HERMES 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 33 HERMES WAY?

33 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 33 on HERMES WAY.