4, HERMES WAY, SLEAFORD, NG34 7WH - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 HERMES WAY is a midsized detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £331,557. It was last sold for £335,000 in June 2023, which was around 10% above the average June 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

4 HERMES WAY Sold Prices

Land registry data shows four sales for 4 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 4 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 9 JUN	£335,000	£305,893	10% above HPI
2009 19 AUG	£194,000	£172,065	13% above HPI
2004 27 OCT	£195,000	£167,970	16% above HPI
1998 26 NOV	£83,500	£68,341	22% above HPI

4 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 4 HERMES WAY sales between November 1998 and June 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 August 2009 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 4 HERMES WAY be worth now?

4 HERMES WAY might now be worth an estimated £331,557.

This is based on house price deflation of 1%, between June 2023 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% deflationary decrease is applied to the most recent sale price for 4 HERMES WAY of £335,000 on 9th June 2023. For the value to have decreased from £335,000 to £331,557 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 4 HERMES WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2023 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 4 HERMES WAY has not materially changed since June 2023.

How Large is 4 HERMES WAY?

4 HERMES WAY is 112m² according to the EPC inspection conducted in May 2016. This puts it in the largest 50% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 4 HERMES WAY lies on this distribution: 58% of detached houses houses are smaller than 4 HERMES WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

4 HERMES WAY: Plot and Title Map

4 HERMES WAY sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 4 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 4 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 4 HERMES WAY?

4 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 4 on HERMES WAY.