586, NEWARK ROAD, SOUTH HYKEHAM, LINCOLN, LN6 9NP - £135,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

586 NEWARK ROAD is a midsized detached house of 113m², built sometime between 1930 and 1949. It was last sold for £135,000 in August 2005, which was around 26% below the average August 2005 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

586 NEWARK ROAD Sold Prices

Land registry data shows two sales for 586 NEWARK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 586 NEWARK ROAD 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
2005 11 AUG	£135,000	£181,270	26% below HPI
1998 18 DEC	£50,500	£69,993	28% below HPI

586 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 two 586 NEWARK ROAD sales from December 1998 and August 2005 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 December 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2005 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 586 NEWARK ROAD?

586 NEWARK ROAD is 113m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 50% 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 586 NEWARK ROAD lies on this distribution: 41% of detached houses are smaller than 586 NEWARK ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in South Hykeham.

586 NEWARK ROAD: Plot and Title Map

586 NEWARK ROAD sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 586 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 586 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 586 NEWARK ROAD?

586 NEWARK ROAD is located in SOUTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 586 on NEWARK ROAD.