509, NEWARK ROAD, SOUTH HYKEHAM, LINCOLN, LN6 9NP - £275,000

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

509 NEWARK ROAD is a small extended detached house of 89m², built sometime between 1900 and 1929. It was last sold for £275,000 in October 2018, which was around 8% above the average October 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

509 NEWARK ROAD Sold Prices

Land registry data shows three sales for 509 NEWARK ROAD 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. Two of the three 509 NEWARK ROAD sales were for above the average price, whilst one was 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
2018 23 OCT	£275,000	£255,395	8% above HPI
2011 2 AUG	£161,000	£181,287	11% below HPI
2002 18 JAN	£114,000	£95,392	20% above HPI

509 NEWARK ROAD 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 509 NEWARK ROAD sales between January 2002 and October 2018 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 August 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2018 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 509 NEWARK ROAD?

509 NEWARK ROAD is 89m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses in South Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in South Hykeham, and where 509 NEWARK ROAD lies on this distribution: 22% of detached houses are smaller than 509 NEWARK ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in South Hykeham.

509 NEWARK ROAD: Plot and Title Map

509 NEWARK ROAD sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of 509 NEWARK ROAD, 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 509 NEWARK ROAD). 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 509 NEWARK ROAD?

509 NEWARK ROAD is located in SOUTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 509 on NEWARK ROAD.