7, LADDS MILL CLOSE, NORTH HYKEHAM, LINCOLN, LN6 9QP - £160,000

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

7 LADDS MILL CLOSE is a very small detached house of 61m², built sometime between 1967 and 1975. It was last sold for £160,000 in February 2016, which was around 26% below the average February 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

7 LADDS MILL CLOSE Sold Prices

Land registry data shows three sales for 7 LADDS MILL CLOSE 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. All of the three 7 LADDS MILL CLOSE 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
2016 12 FEB	£160,000	£216,943	26% below HPI
2015 24 JUL	£145,000	£205,973	30% below HPI
2004 30 JUL	£146,500	£168,745	13% below HPI

7 LADDS MILL CLOSE 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 7 LADDS MILL CLOSE sales between July 2004 and February 2016 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 July 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2016 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 7 LADDS MILL CLOSE?

7 LADDS MILL CLOSE is 61m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% 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 7 LADDS MILL CLOSE lies on this distribution: 5% of detached houses are smaller than 7 LADDS MILL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

7 LADDS MILL CLOSE: Plot and Title Map

7 LADDS MILL CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 7 LADDS MILL CLOSE, 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 LADDS MILL CLOSE). 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 LADDS MILL CLOSE?

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