40, OTHO WAY, NORTH HYKEHAM, LINCOLN, LN6 9ZD - £445,000

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 OTHO WAY is a very large detached house of 158m². It was last sold for £445,000 in August 2022, which was around 40% above the average August 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2015, where the current energy rating was B, and the potential energy rating was A.

40 OTHO WAY Sold Prices

Land registry data shows two sales for 40 OTHO 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. Both of the two 40 OTHO 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
2022 5 AUG	£445,000	£317,326	40% above HPI
2015 22 APR	£317,995	£197,486	61% above HPI

40 OTHO 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 40 OTHO WAY sales from April 2015 and August 2022 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 April 2015 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the August 2022 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 40 OTHO WAY?

40 OTHO WAY is 158m² according to the EPC inspection conducted in May 2015. This puts it in the largest 10% 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 OTHO WAY lies on this distribution: 90% of detached houses are smaller than 40 OTHO WAY, and 10% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

40 OTHO WAY: Plot and Title Map

40 OTHO WAY sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 40 OTHO 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 40 OTHO 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 40 OTHO WAY?

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