28, BANKS LANE, HECKINGTON, SLEAFORD, NG34 9QY - £170,000

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.

28 BANKS LANE is a very small extended detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £238,884. It was last sold for £170,000 in April 2016, which was around 21% below the average April 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

28 BANKS LANE Sold Prices

Land registry data shows two sales for 28 BANKS LANE 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 28 BANKS LANE 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
2016 22 APR	£170,000	£216,147	21% below HPI
2010 24 FEB	£132,000	£182,334	28% below HPI

28 BANKS LANE 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 28 BANKS LANE sales from February 2010 and April 2016 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 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 28 BANKS LANE be worth now?

28 BANKS LANE might now be worth an estimated £238,884.

This is based on house price inflation of 40.5%, between April 2016 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 40.5% inflationary increase is applied to the most recent sale price for 28 BANKS LANE of £170,000 on 22nd April 2016. For the value to have increased from £170,000 to £238,884 over the eight years and ten months to June 2025, the following assumptions must hold true:

• The value of 28 BANKS LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The April 2016 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 28 BANKS LANE has not materially changed since April 2016.

How Large is 28 BANKS LANE?

28 BANKS LANE is 75m², which includes one extension, according to the EPC inspection conducted in September 2015. 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 28 BANKS LANE lies on this distribution: 19% of detached houses houses are smaller than 28 BANKS LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Heckington.

28 BANKS LANE: Plot and Title Map

28 BANKS LANE sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of 28 BANKS LANE, 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 28 BANKS LANE). 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 28 BANKS LANE?

28 BANKS LANE is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 28 on BANKS LANE.