1, COWLING CLOSE, HORNCASTLE, LN9 6QY - £172,000

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.

1 COWLING CLOSE is a very small detached house of 67m², which could now be worth an estimated £203,501. It was last sold for £172,000 in June 2021, which was around 29% below the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was A.

1 COWLING CLOSE Sold Prices

Land registry data shows three sales for 1 COWLING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 1 COWLING CLOSE 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
2021 28 JUN	£172,000	£241,941	29% below HPI
2018 11 JAN	£146,000	£212,742	31% below HPI
2014 21 NOV	£143,500	£180,195	20% below HPI

1 COWLING CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 1 COWLING CLOSE sales between November 2014 and June 2021 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 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 COWLING CLOSE be worth now?

1 COWLING CLOSE might now be worth an estimated £203,501.

This is based on house price inflation of 18.3%, between June 2021 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.3% inflationary increase is applied to the most recent sale price for 1 COWLING CLOSE of £172,000 on 28th June 2021. For the value to have increased from £172,000 to £203,501 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 COWLING CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2021 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 1 COWLING CLOSE has not materially changed since June 2021.

How Large is 1 COWLING CLOSE?

1 COWLING CLOSE is 67m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where 1 COWLING CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 COWLING CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1 COWLING CLOSE: Plot and Title Map

1 COWLING CLOSE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 1 COWLING CLOSE, 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 1 COWLING CLOSE). 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 1 COWLING CLOSE?

1 COWLING CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 1 on COWLING CLOSE.