8, DERWENT CLOSE, NORTH HYKEHAM, LINCOLN, LN6 8ER - £257,000

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

8 DERWENT CLOSE is a large detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £261,626. It was last sold for £257,000 in April 2024, which was around 11% below the average April 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

8 DERWENT CLOSE Sold Prices

Land registry data shows two sales for 8 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 8 DERWENT 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
2024 19 APR	£257,000	£289,433	11% below HPI
1996 16 OCT	£58,500	£62,362	6% below HPI

8 DERWENT 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 two 8 DERWENT CLOSE sales from October 1996 and April 2024 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 October 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 DERWENT CLOSE be worth now?

8 DERWENT CLOSE might now be worth an estimated £261,626.

This is based on house price inflation of 1.8%, between April 2024 and December 2024, for 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 1.8% inflationary increase is applied to the most recent sale price for 8 DERWENT CLOSE of £257,000 on 19th April 2024. For the value to have increased from £257,000 to £261,626 over the four months to December 2024, the following assumptions must hold true:

• The value of 8 DERWENT CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The April 2024 sale price of £257,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DERWENT CLOSE has not materially changed since April 2024.

How Large is 8 DERWENT CLOSE?

8 DERWENT CLOSE is 119m² according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 8 DERWENT CLOSE lies on this distribution: 68% of detached houses houses are smaller than 8 DERWENT CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

8 DERWENT CLOSE: Plot and Title Map

8 DERWENT CLOSE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 8 DERWENT 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 8 DERWENT 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 8 DERWENT CLOSE?

8 DERWENT CLOSE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 8 on DERWENT CLOSE.