4, NICHOLAS WAY, CORRINGHAM, GAINSBOROUGH, DN21 5QE - £186,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 NICHOLAS WAY is a small detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £299,498. It was last sold for £186,500 in September 2009, which was around 3% above the average September 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

4 NICHOLAS WAY Sold Prices

Land registry data shows three sales for 4 NICHOLAS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 4 NICHOLAS 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
2009 11 SEP	£186,500	£181,279	3% above HPI
2007 1 AUG	£199,950	£198,324	1% above HPI
2004 23 JUL	£199,500	£174,194	15% above HPI

4 NICHOLAS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 4 NICHOLAS WAY sales between July 2004 and September 2009 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 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2009 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 4 NICHOLAS WAY be worth now?

4 NICHOLAS WAY might now be worth an estimated £299,498.

This is based on house price inflation of 60.6%, between September 2009 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.6% inflationary increase is applied to the most recent sale price for 4 NICHOLAS WAY of £186,500 on 11th September 2009. For the value to have increased from £186,500 to £299,498 over the sixteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 NICHOLAS WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2009 sale price of £186,500 represented a fair market value for the property.
• The size, condition, and specification of 4 NICHOLAS WAY has not materially changed since September 2009.

How Large is 4 NICHOLAS WAY?

4 NICHOLAS WAY is 129m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 40% of detached houses houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corringham, and where 4 NICHOLAS WAY lies on this distribution: 38% of detached houses houses are smaller than 4 NICHOLAS WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Corringham.

4 NICHOLAS WAY: Plot and Title Map

4 NICHOLAS WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 4 NICHOLAS 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 NICHOLAS 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 NICHOLAS WAY?

4 NICHOLAS WAY is located in CORRINGHAM, in the DN21 postcode district. The below map shows the position of No. 4 on NICHOLAS WAY.