7, FERROUS WAY, NORTH HYKEHAM, LINCOLN, LN6 9ZN - £195,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 FERROUS WAY is a very small semi-detached house of 69m². It was last sold for £195,000 in June 2022, which was around 1% below the average June 2022 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2015, where the current energy rating was B, and the potential energy rating was A.

7 FERROUS WAY Sold Prices

Land registry data shows two sales for 7 FERROUS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. One of the two 7 FERROUS WAY sales was for below the average price, whilst the other 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
2022 15 JUN	£195,000	£196,694	1% below HPI
2015 27 NOV	£149,999	£136,622	10% above HPI

7 FERROUS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 7 FERROUS WAY sales from November 2015 and June 2022 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 November 2015 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 7 FERROUS WAY be worth now?

7 FERROUS WAY might now be worth an estimated £196,989.

This is based on house price inflation of 1%, between June 2022 and December 2024, for semi-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 1% inflationary increase is applied to the most recent sale price for 7 FERROUS WAY of £195,000 on 15th June 2022. For the value to have increased from £195,000 to £196,989 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 7 FERROUS WAY has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The June 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FERROUS WAY has not materially changed since June 2022.

How Large is 7 FERROUS WAY?

7 FERROUS WAY is 69m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of semi-detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Hykeham, and where 7 FERROUS WAY lies on this distribution: 9% of semi-detached houses houses are smaller than 7 FERROUS WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

7 FERROUS WAY: Plot and Title Map

7 FERROUS WAY sits on a plot of roughly 22.6 acres, or 91,307m². The below map shows the location of 7 FERROUS 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 7 FERROUS 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 7 FERROUS WAY?

7 FERROUS WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 7 on FERROUS WAY.