562, NEWARK ROAD, SOUTH HYKEHAM, LINCOLN, LN6 9NP - £240,000

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

562 NEWARK ROAD is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £240,000 in July 2020, which was around 8% below the average July 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

562 NEWARK ROAD Sold Prices

Land registry data shows three sales for 562 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 562 NEWARK ROAD sales were for below the average price, whilst one was 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
2020 9 JUL	£240,000	£259,619	8% below HPI
2016 22 JUL	£235,000	£223,262	5% above HPI
2001 26 JAN	£40,000	£81,643	51% below HPI

562 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 562 NEWARK ROAD sales between January 2001 and July 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 July 2016 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 562 NEWARK ROAD?

562 NEWARK ROAD is 81m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% 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 562 NEWARK ROAD lies on this distribution: 12% of detached houses are smaller than 562 NEWARK ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in South Hykeham.

562 NEWARK ROAD: Plot and Title Map

562 NEWARK ROAD sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 562 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 562 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 562 NEWARK ROAD?

562 NEWARK ROAD is located in SOUTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 562 on NEWARK ROAD.