1, THE DROVE, OSBOURNBY, SLEAFORD, NG34 0DH - £220,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 THE DROVE is a midsized extended detached house of 144m², built sometime between 1930 and 1949, which could now be worth an estimated £247,750. It was last sold for £220,500 in January 2021, which was around 18% below the average January 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.

1 THE DROVE Sold Prices

Land registry data shows two sales for 1 THE DROVE 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 1 THE DROVE 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 29 JAN	£220,500	£269,450	18% below HPI
2006 7 NOV	£175,000	£185,742	6% below HPI

1 THE DROVE 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 1 THE DROVE sales from November 2006 and January 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 November 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 THE DROVE be worth now?

1 THE DROVE might now be worth an estimated £247,750.

This is based on house price inflation of 12.4%, between January 2021 and February 2025, 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 12.4% inflationary increase is applied to the most recent sale price for 1 THE DROVE of £220,500 on 29th January 2021. For the value to have increased from £220,500 to £247,750 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 THE DROVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2021 sale price of £220,500 represented a fair market value for the property.
• The size, condition, and specification of 1 THE DROVE has not materially changed since January 2021.

How Large is 1 THE DROVE?

1 THE DROVE is 144m², which includes two extensions, according to the EPC inspection conducted in February 2009. This puts it in the smallest 50% of detached houses houses in Osbournby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Osbournby, and where 1 THE DROVE lies on this distribution: 49% of detached houses houses are smaller than 1 THE DROVE, and 51% of houses are larger. Note that EPC data is not available for all properties in Osbournby.

1 THE DROVE: Plot and Title Map

1 THE DROVE sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 1 THE DROVE, 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 1 THE DROVE). 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 1 THE DROVE?

1 THE DROVE is located in OSBOURNBY, in the NG34 postcode district. The below map shows the position of No. 1 on THE DROVE.