15, HERMES WAY, SLEAFORD, NG34 7WH - £180,000

15 HERMES WAY is a small extended detached house of 97m², built sometime between 2003 and 2006. It was last sold for £180,000 in January 2018, which was around 26% below the average January 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

15 HERMES WAY Sold Prices

Land registry data shows five sales for 15 HERMES WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the five 15 HERMES 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
2018 22 JAN	£180,000	£241,690	26% below HPI
2014 12 AUG	£157,500	£198,291	21% below HPI
2006 13 JUN	£156,500	£183,174	15% below HPI
2005 30 MAR	£157,000	£175,290	10% below HPI
1999 26 FEB	£61,000	£70,979	14% below HPI

15 HERMES 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 five 15 HERMES WAY sales between February 1999 and January 2018 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 August 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 15 HERMES WAY?

15 HERMES WAY is 97m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses by size in Sleaford, and where 15 HERMES WAY lies on this distribution: 40% of detached houses are smaller than 15 HERMES WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

15 HERMES WAY: Plot and Title Map

15 HERMES WAY sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 15 HERMES 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 15 HERMES 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 15 HERMES WAY?

15 HERMES WAY is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 15 on HERMES WAY.