40, FURNACE CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9ZR - £248,000

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

40 FURNACE CLOSE is a midsized detached house of 100m². It was last sold for £248,000 in May 2023, which was around 19% below the average May 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was December 2017, where the current energy rating was B, and the potential energy rating was A.

40 FURNACE CLOSE Sold Prices

Land registry data shows two sales for 40 FURNACE CLOSE 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. Both of the two 40 FURNACE CLOSE sales were for below 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 5 MAY	£248,000	£306,284	19% below HPI
2017 15 DEC	£234,999	£243,033	3% below HPI

40 FURNACE CLOSE 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 40 FURNACE CLOSE sales from December 2017 and May 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 December 2017 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 40 FURNACE CLOSE?

40 FURNACE CLOSE is 100m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 50% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 40 FURNACE CLOSE lies on this distribution: 45% of detached houses are smaller than 40 FURNACE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

40 FURNACE CLOSE: Plot and Title Map

40 FURNACE CLOSE sits on a plot of roughly 22.6 acres, or 91,594m². The below map shows the location of 40 FURNACE CLOSE, 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 40 FURNACE CLOSE). 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 40 FURNACE CLOSE?

40 FURNACE CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 40 on FURNACE CLOSE.