3, COLBY WAY, HECKINGTON, SLEAFORD, NG34 9UR - £145,000

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.

3 COLBY WAY is a small detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £267,913. It was last sold for £145,000 in June 2004, which was around 12% below the average June 2004 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was C.

3 COLBY WAY Sold Prices

Land registry data shows three sales for 3 COLBY 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. All of the three 3 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
2004 18 JUN	£145,000	£164,385	12% below HPI
2003 14 FEB	£125,000	£130,146	4% below HPI
1999 9 AUG	£63,950	£72,143	11% below HPI

3 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 three 3 COLBY WAY sales between August 1999 and June 2004 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 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2004 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 COLBY WAY be worth now?

3 COLBY WAY might now be worth an estimated £267,913.

This is based on house price inflation of 84.8%, between June 2004 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 84.8% inflationary increase is applied to the most recent sale price for 3 COLBY WAY of £145,000 on 18th June 2004. For the value to have increased from £145,000 to £267,913 over the 21 years to June 2025, the following assumptions must hold true:

• The value of 3 COLBY WAY has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2004 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLBY WAY has not materially changed since June 2004.

How Large is 3 COLBY WAY?

3 COLBY WAY is 90m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 40% 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 3 COLBY WAY lies on this distribution: 32% of detached houses houses are smaller than 3 COLBY WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Heckington.

3 COLBY WAY: Plot and Title Map

3 COLBY WAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 3 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 3 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 3 COLBY WAY?

3 COLBY WAY is located in HECKINGTON, in the NG34 postcode district. The below map shows the position of No. 3 on COLBY WAY.