OLD SAVINGS BANK, 38A, NORTHGATE, SLEAFORD, NG34 7DA - £229,000

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

OLD SAVINGS BANK is a midsized extended detached house of 99m², built sometime before 1900, which could now be worth an estimated £236,133. It was last sold for £229,000 in December 2021, which was around 20% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was B.

OLD SAVINGS BANK Sold Prices

Land registry data shows three sales for OLD SAVINGS BANK 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 OLD SAVINGS BANK 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
2021 3 DEC	£229,000	£285,742	20% below HPI
2005 19 JUL	£128,000	£177,228	28% below HPI
2001 1 MAY	£77,000	£82,253	6% below HPI

OLD SAVINGS BANK 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 OLD SAVINGS BANK sales between May 2001 and December 2021 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 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might OLD SAVINGS BANK be worth now?

OLD SAVINGS BANK might now be worth an estimated £236,133.

This is based on house price inflation of 3.1%, between December 2021 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 3.1% inflationary increase is applied to the most recent sale price for OLD SAVINGS BANK of £229,000 on 3rd December 2021. For the value to have increased from £229,000 to £236,133 over the three years to December 2024, the following assumptions must hold true:

• The value of OLD SAVINGS BANK has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2021 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of OLD SAVINGS BANK has not materially changed since December 2021.

How Large is OLD SAVINGS BANK?

OLD SAVINGS BANK is 99m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where OLD SAVINGS BANK lies on this distribution: 42% of detached houses houses are smaller than OLD SAVINGS BANK, and 57% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

OLD SAVINGS BANK: Plot and Title Map

OLD SAVINGS BANK sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of OLD SAVINGS BANK, 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 OLD SAVINGS BANK). 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 OLD SAVINGS BANK?

OLD SAVINGS BANK is located on NORTHGATE in SLEAFORD, in the NG34 postcode district. The below map shows the position of OLD SAVINGS BANK on NORTHGATE.