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

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

8 DERWENT CLOSE is a large detached house of 119m², built sometime between 1967 and 1975. It was last sold for £257,000 in April 2024, which was around 15% 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	£300,782	15% below HPI
1996 16 OCT	£58,500	£63,162	7% 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 8 DERWENT CLOSE lies on this distribution: 68% of detached 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.