14, NEWBOLT CLOSE, CAISTOR, MARKET RASEN, LN7 6NY - £220,000

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.

14 NEWBOLT CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £217,814. It was last sold for £220,000 in December 2022, which was around 25% below the average December 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

14 NEWBOLT CLOSE Sold Prices

Land registry data shows three sales for 14 NEWBOLT 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 West Lindsey local authority area for the corresponding sale date. All of the three 14 NEWBOLT 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
2022 2 DEC	£220,000	£294,036	25% below HPI
2016 1 APR	£120,000	£195,207	39% below HPI
1996 6 AUG	£48,000	£63,055	24% below HPI

14 NEWBOLT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 14 NEWBOLT CLOSE sales between August 1996 and December 2022 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 April 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 14 NEWBOLT CLOSE be worth now?

14 NEWBOLT CLOSE might now be worth an estimated £217,814.

This is based on house price deflation of 1%, between December 2022 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% deflationary decrease is applied to the most recent sale price for 14 NEWBOLT CLOSE of £220,000 on 2nd December 2022. For the value to have decreased from £220,000 to £217,814 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 14 NEWBOLT CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 14 NEWBOLT CLOSE has not materially changed since December 2022.

How Large is 14 NEWBOLT CLOSE?

14 NEWBOLT CLOSE is 75m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% of detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caistor, and where 14 NEWBOLT CLOSE lies on this distribution: 10% of detached houses houses are smaller than 14 NEWBOLT CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Caistor.

14 NEWBOLT CLOSE: Plot and Title Map

14 NEWBOLT CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 14 NEWBOLT 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 14 NEWBOLT 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 14 NEWBOLT CLOSE?

14 NEWBOLT CLOSE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 14 on NEWBOLT CLOSE.