41, WEST BANKS, SLEAFORD, NG34 7QB - £172,000

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

41 WEST BANKS is a midsized detached house of 101m², built sometime before 1900, which could now be worth an estimated £179,708. It was last sold for £172,000 in October 2021, which was around 39% below the average October 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

41 WEST BANKS Sold Prices

Land registry data shows two sales for 41 WEST BANKS 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 41 WEST BANKS 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
2021 25 OCT	£172,000	£282,006	39% below HPI
1998 30 NOV	£48,500	£68,341	29% below HPI

41 WEST BANKS 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 41 WEST BANKS sales from November 1998 and October 2021 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 November 1998 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 41 WEST BANKS be worth now?

41 WEST BANKS might now be worth an estimated £179,708.

This is based on house price inflation of 4.5%, between October 2021 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 4.5% inflationary increase is applied to the most recent sale price for 41 WEST BANKS of £172,000 on 25th October 2021. For the value to have increased from £172,000 to £179,708 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 41 WEST BANKS has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2021 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 41 WEST BANKS has not materially changed since October 2021.

How Large is 41 WEST BANKS?

41 WEST BANKS is 101m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 50% 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 41 WEST BANKS lies on this distribution: 44% of detached houses houses are smaller than 41 WEST BANKS, and 55% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

41 WEST BANKS: Plot and Title Map

41 WEST BANKS sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 41 WEST BANKS, 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 WEST BANKS). 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 WEST BANKS?

41 WEST BANKS is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 41 on WEST BANKS.