8, DISCOVERY CLOSE, SLEAFORD, NG34 7XN - £215,000

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 DISCOVERY CLOSE is a midsized extended detached house of 109m², built sometime between 1996 and 2002. It was last sold for £215,000 in March 2024, which was around 28% below the average March 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

8 DISCOVERY CLOSE Sold Prices

Land registry data shows three sales for 8 DISCOVERY 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. Two of the three 8 DISCOVERY CLOSE sales were for below the average price, whilst one 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
2024 28 MAR	£215,000	£299,653	28% below HPI
2007 16 MAR	£177,500	£192,392	8% below HPI
2002 27 SEP	£122,500	£117,288	4% above HPI

8 DISCOVERY 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 8 DISCOVERY CLOSE sales between September 2002 and March 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 March 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 DISCOVERY CLOSE?

8 DISCOVERY CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in April 2024. This puts it in the largest 50% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 8 DISCOVERY CLOSE lies on this distribution: 54% of detached houses are smaller than 8 DISCOVERY CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

8 DISCOVERY CLOSE: Plot and Title Map

8 DISCOVERY CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 8 DISCOVERY 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 DISCOVERY 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 DISCOVERY CLOSE?

8 DISCOVERY CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 8 on DISCOVERY CLOSE.