41, OTHO WAY, NORTH HYKEHAM, LINCOLN, LN6 9ZD - £277,000

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

41 OTHO WAY is a small detached house of 87m². It was last sold for £277,000 in July 2022, which was around 11% below the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2015, where the current energy rating was B, and the potential energy rating was A.

41 OTHO WAY Sold Prices

Land registry data shows three sales for 41 OTHO 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 North Kesteven local authority area for the corresponding sale date. Two of the three 41 OTHO WAY sales were for below the average price, whilst one was 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 29 JUL	£277,000	£310,547	11% below HPI
2018 21 SEP	£225,000	£253,027	11% below HPI
2015 26 JUN	£210,995	£202,138	4% above HPI

41 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 three 41 OTHO WAY sales between June 2015 and July 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 September 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2022 sale, which was also at 11% below the HPI.

How Large is 41 OTHO WAY?

41 OTHO WAY is 87m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% 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 41 OTHO WAY lies on this distribution: 30% of detached houses are smaller than 41 OTHO WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

41 OTHO WAY: Plot and Title Map

41 OTHO WAY sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 41 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 41 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 41 OTHO WAY?

41 OTHO WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 41 on OTHO WAY.