39, HERMES WAY, SLEAFORD, NG34 7WH - £395,000

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

39 HERMES WAY is a large extended detached house of 128m², built sometime between 1996 and 2002. It was last sold for £395,000 in October 2023, which was around 32% above the average October 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

39 HERMES WAY Sold Prices

Land registry data shows four sales for 39 HERMES WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 39 HERMES WAY 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
2023 20 OCT	£395,000	£298,735	32% above HPI
2019 19 JUL	£310,000	£251,361	23% above HPI
2015 14 DEC	£220,000	£211,694	4% above HPI
2002 27 SEP	£140,000	£117,288	19% above HPI

39 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 four 39 HERMES WAY sales between September 2002 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 July 2019 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2023 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 39 HERMES WAY?

39 HERMES WAY is 128m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 39 HERMES WAY lies on this distribution: 77% of detached houses are smaller than 39 HERMES WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

39 HERMES WAY: Plot and Title Map

39 HERMES WAY sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 39 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 39 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 39 HERMES WAY?

39 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 39 on HERMES WAY.