15, MINERVA WAY, NORTH HYKEHAM, LINCOLN, LN6 9FG - £245,000

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.

15 MINERVA WAY is a small detached house of 94m², built sometime from 2007 onwards, which could now be worth an estimated £276,654. It was last sold for £245,000 in December 2020, which was around 9% below the average December 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

15 MINERVA WAY Sold Prices

Land registry data shows three sales for 15 MINERVA WAY 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 15 MINERVA WAY 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
2020 11 DEC	£245,000	£268,109	9% below HPI
2012 23 JUL	£174,950	£176,761	1% below HPI
2007 18 DEC	£229,999	£192,640	19% above HPI

15 MINERVA 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 three 15 MINERVA WAY sales between December 2007 and December 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 July 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 MINERVA WAY be worth now?

15 MINERVA WAY might now be worth an estimated £276,654.

This is based on house price inflation of 12.9%, between December 2020 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 12.9% inflationary increase is applied to the most recent sale price for 15 MINERVA WAY of £245,000 on 11th December 2020. For the value to have increased from £245,000 to £276,654 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 MINERVA WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MINERVA WAY has not materially changed since December 2020.

How Large is 15 MINERVA WAY?

15 MINERVA WAY is 94m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 40% of detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hykeham, and where 15 MINERVA WAY lies on this distribution: 39% of detached houses houses are smaller than 15 MINERVA WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

15 MINERVA WAY: Plot and Title Map

15 MINERVA WAY sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 15 MINERVA 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 MINERVA 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 MINERVA WAY?

15 MINERVA WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 15 on MINERVA WAY.