6, NICHOLAS WAY, CORRINGHAM, GAINSBOROUGH, DN21 5QE - £255,000

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

6 NICHOLAS WAY is a midsized detached house of 138m², built sometime between 2003 and 2006. It was last sold for £255,000 in November 2019, which was around 12% above the average November 2019 detached price in the West Lindsey 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.

6 NICHOLAS WAY Sold Prices

Land registry data shows three sales for 6 NICHOLAS 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 West Lindsey local authority area for the corresponding sale date. Two of the three 6 NICHOLAS WAY 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
2019 21 NOV	£255,000	£227,277	12% above HPI
2013 23 APR	£92,500	£175,385	47% below HPI
2004 23 SEP	£229,500	£176,362	30% above HPI

6 NICHOLAS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 6 NICHOLAS WAY sales between September 2004 and November 2019 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 April 2013 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the November 2019 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 6 NICHOLAS WAY?

6 NICHOLAS WAY is 138m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses by size in Corringham, and where 6 NICHOLAS WAY lies on this distribution: 47% of detached houses are smaller than 6 NICHOLAS WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Corringham.

6 NICHOLAS WAY: Plot and Title Map

6 NICHOLAS WAY sits on a plot of roughly 244.2 acres, or 988,072m². The below map shows the location of 6 NICHOLAS 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 6 NICHOLAS 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 6 NICHOLAS WAY?

6 NICHOLAS WAY is located in CORRINGHAM, in the DN21 postcode district. The below map shows the position of No. 6 on NICHOLAS WAY.