7, OAK WAY, HECKINGTON, SLEAFORD, NG34 9FG - £367,000

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

7 OAK WAY is a large extended detached house of 136m², built sometime between 1996 and 2002. It was last sold for £367,000 in January 2023, which was around 15% above the average January 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

7 OAK WAY Sold Prices

Land registry data shows seven sales for 7 OAK WAY since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the seven 7 OAK WAY sales were 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
2023 10 JAN	£367,000	£320,494	15% above HPI
2020 12 MAR	£285,000	£254,353	12% above HPI
2016 5 OCT	£250,000	£222,122	13% above HPI
2015 14 OCT	£270,000	£211,922	27% above HPI
2007 2 NOV	£235,000	£198,206	19% above HPI
2005 17 JUN	£220,000	£180,417	22% above HPI
2002 10 MAY	£139,000	£101,539	37% above HPI

7 OAK 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 seven 7 OAK WAY sales between May 2002 and January 2023 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 March 2020 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 7 OAK WAY?

7 OAK WAY is 136m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 30% of detached houses in Heckington, based on EPC data. The below chart shows the distribution of detached houses by size in Heckington, and where 7 OAK WAY lies on this distribution: 75% of detached houses are smaller than 7 OAK WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Heckington.

7 OAK WAY: Plot and Title Map

7 OAK WAY sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of 7 OAK 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 OAK 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 OAK WAY?

7 OAK WAY is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 7 on OAK WAY.