5, ST NICHOLAS WAY, LUTTON, SPALDING, PE12 9HR - £172,500

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

5 ST NICHOLAS WAY is a small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £172,500 in June 2021, which was around 32% below the average June 2021 detached price in the South Holland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

5 ST NICHOLAS WAY Sold Prices

Land registry data shows two sales for 5 ST NICHOLAS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 5 ST NICHOLAS 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
2021 10 JUN	£172,500	£255,436	32% below HPI
2005 22 APR	£129,950	£173,590	25% below HPI

5 ST NICHOLAS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 5 ST NICHOLAS WAY sales from April 2005 and June 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 April 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 ST NICHOLAS WAY?

5 ST NICHOLAS WAY is 86m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% of detached houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses by size in Lutton, and where 5 ST NICHOLAS WAY lies on this distribution: 23% of detached houses are smaller than 5 ST NICHOLAS WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Lutton.

5 ST NICHOLAS WAY: Plot and Title Map

5 ST NICHOLAS WAY sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 5 ST NICHOLAS 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 5 ST NICHOLAS 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 5 ST NICHOLAS WAY?

5 ST NICHOLAS WAY is located in LUTTON, in the PE12 postcode district. The below map shows the position of No. 5 on ST NICHOLAS WAY.