11, COLBY WAY, HECKINGTON, SLEAFORD, NG34 9UR - £215,000

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.

11 COLBY WAY is a very small detached house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £254,756. It was last sold for £215,000 in July 2020, which was around 16% below the average July 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

11 COLBY WAY Sold Prices

Land registry data shows four sales for 11 COLBY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 11 COLBY WAY 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
2020 24 JUL	£215,000	£256,331	16% below HPI
2016 26 FEB	£180,000	£214,196	16% below HPI
2004 20 SEP	£141,000	£166,717	15% below HPI
1999 29 JAN	£10,000	£69,396	86% below HPI

11 COLBY WAY 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 four 11 COLBY WAY sales between January 1999 and July 2020 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 February 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2020 sale, which was also at 16% below the HPI.

What might 11 COLBY WAY be worth now?

11 COLBY WAY might now be worth an estimated £254,756.

This is based on house price inflation of 18.5%, between July 2020 and June 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 18.5% inflationary increase is applied to the most recent sale price for 11 COLBY WAY of £215,000 on 24th July 2020. For the value to have increased from £215,000 to £254,756 over the five years and one month to June 2025, the following assumptions must hold true:

• The value of 11 COLBY WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2020 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 11 COLBY WAY has not materially changed since July 2020.

How Large is 11 COLBY WAY?

11 COLBY WAY is 70m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Heckington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heckington, and where 11 COLBY WAY lies on this distribution: 14% of detached houses houses are smaller than 11 COLBY WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Heckington.

11 COLBY WAY: Plot and Title Map

11 COLBY WAY sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 11 COLBY WAY, 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 11 COLBY WAY). 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 11 COLBY WAY?

11 COLBY WAY is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 11 on COLBY WAY.