58, RICHMOND DRIVE, NORTH HYKEHAM, LINCOLN, LN6 8QY - £190,000

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.

58 RICHMOND DRIVE is a midsized detached house of 100m², built sometime between 2003 and 2006, which could now be worth an estimated £228,117. It was last sold for £190,000 in October 2018, which was around 25% below the average October 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

58 RICHMOND DRIVE Sold Prices

Land registry data shows four sales for 58 RICHMOND DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 58 RICHMOND DRIVE 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
2018 12 OCT	£190,000	£252,161	25% below HPI
2017 22 MAY	£169,950	£234,844	28% below HPI
2013 27 AUG	£142,000	£183,484	23% below HPI
2006 30 JUN	£170,000	£180,854	6% below HPI

58 RICHMOND 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 four 58 RICHMOND DRIVE sales between June 2006 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 May 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 58 RICHMOND DRIVE be worth now?

58 RICHMOND DRIVE might now be worth an estimated £228,117.

This is based on house price inflation of 20.1%, between October 2018 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 20.1% inflationary increase is applied to the most recent sale price for 58 RICHMOND DRIVE of £190,000 on 12th October 2018. For the value to have increased from £190,000 to £228,117 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 58 RICHMOND DRIVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2018 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 58 RICHMOND DRIVE has not materially changed since October 2018.

How Large is 58 RICHMOND DRIVE?

58 RICHMOND DRIVE is 100m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 58 RICHMOND DRIVE lies on this distribution: 46% of detached houses houses are smaller than 58 RICHMOND DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

58 RICHMOND DRIVE: Plot and Title Map

58 RICHMOND DRIVE sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 58 RICHMOND 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 58 RICHMOND 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 58 RICHMOND DRIVE?

58 RICHMOND DRIVE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 58 on RICHMOND DRIVE.