59, NERO WAY, NORTH HYKEHAM, LINCOLN, LN6 8JP - £245,000

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

59 NERO WAY is a large extended detached house of 127m², built sometime from 2007 onwards. It was last sold for £245,000 in November 2018, which was around 5% below the average November 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

59 NERO WAY Sold Prices

Land registry data shows three sales for 59 NERO WAY 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 59 NERO WAY 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
2018 15 NOV	£245,000	£256,562	5% below HPI
2014 13 JUN	£187,500	£197,218	5% below HPI
2009 28 AUG	£187,500	£174,272	8% above HPI

59 NERO WAY 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 59 NERO WAY sales between August 2009 and November 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 June 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2018 sale, which was also at 5% below the HPI.

How Large is 59 NERO WAY?

59 NERO WAY is 127m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 30% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 59 NERO WAY lies on this distribution: 74% of detached houses are smaller than 59 NERO WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

59 NERO WAY: Plot and Title Map

59 NERO WAY sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 59 NERO WAY, 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 59 NERO WAY). 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 59 NERO WAY?

59 NERO WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 59 on NERO WAY.