11, OLD SCHOOL LANE, CRANWELL VILLAGE, SLEAFORD, NG34 8DF - £207,500

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.

11 OLD SCHOOL LANE is a small detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £246,944. It was last sold for £207,500 in October 2019, which was around 18% below the average October 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

11 OLD SCHOOL LANE Sold Prices

Land registry data shows two sales for 11 OLD SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 11 OLD SCHOOL LANE 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
2019 31 OCT	£207,500	£254,391	18% below HPI
2018 23 MAR	£170,000	£235,203	28% below HPI

11 OLD SCHOOL LANE 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 two 11 OLD SCHOOL LANE sales from March 2018 and October 2019 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 March 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 11 OLD SCHOOL LANE be worth now?

11 OLD SCHOOL LANE might now be worth an estimated £246,944.

This is based on house price inflation of 19%, between October 2019 and February 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 19% inflationary increase is applied to the most recent sale price for 11 OLD SCHOOL LANE of £207,500 on 31st October 2019. For the value to have increased from £207,500 to £246,944 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 11 OLD SCHOOL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2019 sale price of £207,500 represented a fair market value for the property.
• The size, condition, and specification of 11 OLD SCHOOL LANE has not materially changed since October 2019.

How Large is 11 OLD SCHOOL LANE?

11 OLD SCHOOL LANE is 99m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% of detached houses houses in Cranwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranwell, and where 11 OLD SCHOOL LANE lies on this distribution: 36% of detached houses houses are smaller than 11 OLD SCHOOL LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Cranwell.

11 OLD SCHOOL LANE: Plot and Title Map

11 OLD SCHOOL LANE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 11 OLD SCHOOL LANE, 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 11 OLD SCHOOL LANE). 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 11 OLD SCHOOL LANE?

11 OLD SCHOOL LANE is located in CRANWELL VILLAGE, in the NG34 postcode district. The below map shows the position of No. 11 on OLD SCHOOL LANE.