1, PEAR TREE CLOSE, HORNCASTLE, LN9 5TR - £248,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 PEAR TREE CLOSE is a large detached house of 119m², built sometime between 1996 and 2002. It was last sold for £248,000 in November 2014, which was around 40% above the average November 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

1 PEAR TREE CLOSE Sold Prices

Land registry data shows two sales for 1 PEAR TREE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 PEAR TREE CLOSE 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
2014 7 NOV	£248,000	£177,608	40% above HPI
2001 6 JUN	£130,000	£82,504	58% above HPI

1 PEAR TREE 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 two 1 PEAR TREE CLOSE sales from June 2001 and November 2014 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 June 2001 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the November 2014 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 1 PEAR TREE CLOSE?

1 PEAR TREE CLOSE is 119m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 1 PEAR TREE CLOSE lies on this distribution: 64% of detached houses are smaller than 1 PEAR TREE CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1 PEAR TREE CLOSE: Plot and Title Map

1 PEAR TREE CLOSE sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of 1 PEAR TREE 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 PEAR TREE 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 PEAR TREE CLOSE?

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