15, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5NJ - £215,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 BACK LANE is a small extended detached house of 107m², built sometime between 1930 and 1949. It was last sold for £215,000 in December 2016, which was around 21% below the average December 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2013, where the current energy rating was G, and the potential energy rating was D.

15 BACK LANE Sold Prices

Land registry data shows two sales for 15 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 15 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
2016 8 DEC	£215,000	£272,264	21% below HPI
2014 28 FEB	£168,000	£229,666	27% below HPI

15 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 15 BACK LANE sales from February 2014 and December 2016 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 February 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 15 BACK LANE?

15 BACK LANE is 107m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 15 BACK LANE lies on this distribution: 25% of detached houses are smaller than 15 BACK LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

15 BACK LANE: Plot and Title Map

15 BACK LANE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 15 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 15 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 15 BACK LANE?

15 BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 15 on BACK LANE.