42, NERO WAY, NORTH HYKEHAM, LINCOLN, LN6 8JP - £215,000

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

42 NERO WAY is a small detached house of 89m², built sometime from 2007 onwards. It was last sold for £215,000 in October 2020, which was around 19% below the average October 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

42 NERO WAY Sold Prices

Land registry data shows three sales for 42 NERO 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. All of the three 42 NERO WAY 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
2020 23 OCT	£215,000	£264,224	19% below HPI
2015 2 SEP	£160,000	£212,724	25% below HPI
2009 28 MAY	£155,000	£173,165	10% below HPI

42 NERO 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 42 NERO WAY sales between May 2009 and October 2020 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 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 42 NERO WAY?

42 NERO WAY is 89m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% 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 42 NERO WAY lies on this distribution: 32% of detached houses are smaller than 42 NERO WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

42 NERO WAY: Plot and Title Map

42 NERO WAY sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 42 NERO 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 42 NERO 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 42 NERO WAY?

42 NERO WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 42 on NERO WAY.