14, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £235,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

14 BACK LANE is a very small extended detached house of 68m², built sometime between 1967 and 1975. It was last sold for £235,000 in January 2024, which was around 35% below the average January 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

14 BACK LANE Sold Prices

Land registry data shows two sales for 14 BACK 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 South Kesteven local authority area for the corresponding sale date. Both of the two 14 BACK 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
2024 11 JAN	£235,000	£361,719	35% below HPI
2021 31 MAR	£208,000	£329,215	37% below HPI

14 BACK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 14 BACK LANE sales from March 2021 and January 2024 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 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 14 BACK LANE?

14 BACK LANE is 68m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 14 BACK LANE lies on this distribution: 7% of detached houses are smaller than 14 BACK LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

14 BACK LANE: Plot and Title Map

14 BACK LANE sits on a plot of roughly 0.105 of an acre, or 427m². The below map shows the location of 14 BACK 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 14 BACK 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 14 BACK LANE?

14 BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 14 on BACK LANE.