40A, WESTGATE, SLEAFORD, NG34 7PN - £58,000

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

40A WESTGATE is a very small extended detached house of 60m², built sometime before 1900, which could now be worth an estimated £109,637. It was last sold for £58,000 in January 2004, which was around 63% below the average January 2004 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

40A WESTGATE Sold Prices

Land registry data shows three sales for 40A WESTGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 40A WESTGATE 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
2004 30 JAN	£58,000	£155,871	63% below HPI
2003 28 FEB	£51,950	£130,146	60% below HPI
1995 17 FEB	£26,000	£62,942	59% below HPI

40A WESTGATE 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 three 40A WESTGATE sales between February 1995 and January 2004 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 February 2003 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the January 2004 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

What might 40A WESTGATE be worth now?

40A WESTGATE might now be worth an estimated £109,637.

This is based on house price inflation of 89%, between January 2004 and December 2024, 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 89% inflationary increase is applied to the most recent sale price for 40A WESTGATE of £58,000 on 30th January 2004. For the value to have increased from £58,000 to £109,637 over the nineteen years and one month to December 2024, the following assumptions must hold true:

• The value of 40A WESTGATE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2004 sale price of £58,000 represented a fair market value for the property.
• The size, condition, and specification of 40A WESTGATE has not materially changed since January 2004.

How Large is 40A WESTGATE?

40A WESTGATE is 60m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% 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 40A WESTGATE lies on this distribution: 3% of detached houses houses are smaller than 40A WESTGATE, and 97% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

40A WESTGATE: Plot and Title Map

40A WESTGATE sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of 40A WESTGATE, 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 40A WESTGATE). 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 40A WESTGATE?

40A WESTGATE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 40A on WESTGATE.