38, THE SQUARE, LEASINGHAM, SLEAFORD, NG34 8LA - £118,000

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.

38 THE SQUARE is a very small extended terraced house of 42m², built sometime before 1900, which could now be worth an estimated £125,963. It was last sold for £118,000 in February 2022, which was around 25% below the average February 2022 terraced price in the North Kesteven local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

38 THE SQUARE Sold Prices

Land registry data shows three sales for 38 THE SQUARE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North Kesteven local authority area for the corresponding sale date. All of the three 38 THE SQUARE 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
2022 14 FEB	£118,000	£156,866	25% below HPI
2020 11 DEC	£80,000	£144,838	45% below HPI
2007 26 JUN	£73,750	£111,215	34% below HPI

38 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Kesteven local authority area over time, sourced from the HPI. The three 38 THE SQUARE sales between June 2007 and February 2022 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 December 2020 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the February 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 38 THE SQUARE be worth now?

38 THE SQUARE might now be worth an estimated £125,963.

This is based on house price inflation of 6.7%, between February 2022 and June 2025, for terraced 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 6.7% inflationary increase is applied to the most recent sale price for 38 THE SQUARE of £118,000 on 14th February 2022. For the value to have increased from £118,000 to £125,963 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 38 THE SQUARE has moved in line with the HPI for terraced houses in the North Kesteven local authority area.
• The February 2022 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 38 THE SQUARE has not materially changed since February 2022.

How Large is 38 THE SQUARE?

38 THE SQUARE is 42m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of terraced houses houses in Leasingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leasingham, and where 38 THE SQUARE lies on this distribution: Less than 1% of terraced houses houses are smaller than 38 THE SQUARE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

38 THE SQUARE: Plot and Title Map

38 THE SQUARE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 38 THE SQUARE, 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 38 THE SQUARE). 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 38 THE SQUARE?

38 THE SQUARE is located in LEASINGHAM, in the NG34 postcode district. The below map shows the position of No. 38 on THE SQUARE.