5, MINERVA WAY, NORTH HYKEHAM, LINCOLN, LN6 9FG - £256,000

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.

5 MINERVA WAY is a large semi-detached house of 120m², built sometime from 2007 onwards, which could now be worth an estimated £304,785. It was last sold for £256,000 in November 2020, which was around 50% above the average November 2020 semi-detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

5 MINERVA WAY Sold Prices

Land registry data shows three sales for 5 MINERVA WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 5 MINERVA WAY sales were 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 12 NOV	£256,000	£171,183	50% above HPI
2019 30 JAN	£210,000	£164,543	28% above HPI
2011 5 JUL	£190,000	£117,746	61% above HPI

5 MINERVA WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 5 MINERVA WAY sales between July 2011 and November 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 January 2019 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2020 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 5 MINERVA WAY be worth now?

5 MINERVA WAY might now be worth an estimated £304,785.

This is based on house price inflation of 19.1%, between November 2020 and February 2025, for semi-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 19.1% inflationary increase is applied to the most recent sale price for 5 MINERVA WAY of £256,000 on 12th November 2020. For the value to have increased from £256,000 to £304,785 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 MINERVA WAY has moved in line with the HPI for semi-detached houses in the North Kesteven local authority area.
• The November 2020 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MINERVA WAY has not materially changed since November 2020.

How Large is 5 MINERVA WAY?

5 MINERVA WAY is 120m² according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of semi-detached houses houses in North Hykeham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Hykeham, and where 5 MINERVA WAY lies on this distribution: 69% of semi-detached houses houses are smaller than 5 MINERVA WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

5 MINERVA WAY: Plot and Title Map

5 MINERVA WAY sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 5 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 5 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 5 MINERVA WAY?

5 MINERVA WAY is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 5 on MINERVA WAY.