5, THE LEA, LEASINGHAM, SLEAFORD, NG34 8JY - £310,000

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

5 THE LEA is a large detached house of 112m², built sometime between 1967 and 1975. It was last sold for £310,000 in May 2022, which was around 2% above the average May 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

5 THE LEA Sold Prices

Land registry data shows three sales for 5 THE LEA 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. One of the three 5 THE LEA sales was for above the average price, whilst two 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
2022 13 MAY	£310,000	£303,288	2% above HPI
2017 26 JUN	£210,000	£238,419	12% below HPI
2015 9 OCT	£165,000	£211,922	22% below HPI

5 THE LEA 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 THE LEA sales between October 2015 and May 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 June 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 5 THE LEA?

5 THE LEA is 112m² according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses in Leasingham, based on EPC data. The below chart shows the distribution of detached houses by size in Leasingham, and where 5 THE LEA lies on this distribution: 74% of detached houses are smaller than 5 THE LEA, and 25% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

5 THE LEA: Plot and Title Map

5 THE LEA sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 5 THE LEA, 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 THE LEA). 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 THE LEA?

5 THE LEA is located in LEASINGHAM, in the NG34 postcode district. The below map shows the position of No. 5 on THE LEA.