5, BALMORAL DRIVE, SLEAFORD, NG34 8GA - £285,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 BALMORAL DRIVE is a large extended detached house of 164m², built sometime between 2003 and 2006, which could now be worth an estimated £371,505. It was last sold for £285,000 in August 2017, which was around 23% above the average August 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

5 BALMORAL DRIVE Sold Prices

Land registry data shows three sales for 5 BALMORAL DRIVE 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 5 BALMORAL DRIVE 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
2017 7 AUG	£285,000	£232,254	23% above HPI
2014 22 OCT	£250,000	£201,752	24% above HPI
2005 30 JUN	£254,595	£178,132	43% above HPI

5 BALMORAL DRIVE 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 5 BALMORAL DRIVE sales between June 2005 and August 2017 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 October 2014 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2017 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 5 BALMORAL DRIVE be worth now?

5 BALMORAL DRIVE might now be worth an estimated £371,505.

This is based on house price inflation of 30.4%, between August 2017 and February 2025, 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 30.4% inflationary increase is applied to the most recent sale price for 5 BALMORAL DRIVE of £285,000 on 7th August 2017. For the value to have increased from £285,000 to £371,505 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 5 BALMORAL DRIVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BALMORAL DRIVE has not materially changed since August 2017.

How Large is 5 BALMORAL DRIVE?

5 BALMORAL DRIVE is 164m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses houses in Greylees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greylees, and where 5 BALMORAL DRIVE lies on this distribution: 62% of detached houses houses are smaller than 5 BALMORAL DRIVE, and 37% of houses are larger. Note that EPC data is not available for all properties in Greylees.

5 BALMORAL DRIVE: Plot and Title Map

5 BALMORAL DRIVE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 5 BALMORAL DRIVE, 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 5 BALMORAL DRIVE). 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 5 BALMORAL DRIVE?

5 BALMORAL DRIVE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 5 on BALMORAL DRIVE.