37, HERMES WAY, SLEAFORD, NG34 7WH - £160,000

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

37 HERMES WAY is a very large detached house of 141m², built sometime between 1996 and 2002. It was last sold for £160,000 in March 2013, which was around 10% below the average March 2013 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was C.

37 HERMES WAY Sold Prices

Land registry data shows two sales for 37 HERMES 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. One of the two 37 HERMES WAY sales was for below the average price, whilst the other was 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
2013 14 MAR	£160,000	£177,131	10% below HPI
2000 18 MAY	£87,000	£77,302	13% above HPI

37 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 two 37 HERMES WAY sales from May 2000 and March 2013 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 2000 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2013 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 37 HERMES WAY?

37 HERMES WAY is 141m² according to the EPC inspection conducted in April 2016. 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 37 HERMES WAY lies on this distribution: 85% of detached houses are smaller than 37 HERMES WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

37 HERMES WAY: Plot and Title Map

37 HERMES WAY sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 37 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 37 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 37 HERMES WAY?

37 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 37 on HERMES WAY.