16, GORSE LANE, SILK WILLOUGHBY, SLEAFORD, NG34 8PF - £175,000

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.

16 GORSE LANE is a small detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £266,364. It was last sold for £175,000 in September 2014, which was around 12% below the average September 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

16 GORSE LANE Sold Prices

Land registry data shows two sales for 16 GORSE 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 16 GORSE 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
2014 18 SEP	£175,000	£198,905	12% below HPI
2000 6 JAN	£60,000	£72,115	17% below HPI

16 GORSE 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 16 GORSE LANE sales from January 2000 and September 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 January 2000 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2014 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 16 GORSE LANE be worth now?

16 GORSE LANE might now be worth an estimated £266,364.

This is based on house price inflation of 52.2%, between September 2014 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 52.2% inflationary increase is applied to the most recent sale price for 16 GORSE LANE of £175,000 on 18th September 2014. For the value to have increased from £175,000 to £266,364 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 GORSE LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2014 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GORSE LANE has not materially changed since September 2014.

How Large is 16 GORSE LANE?

16 GORSE LANE is 90m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses houses in Silk Willoughby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Silk Willoughby, and where 16 GORSE LANE lies on this distribution: 33% of detached houses houses are smaller than 16 GORSE LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Silk Willoughby.

16 GORSE LANE: Plot and Title Map

16 GORSE LANE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 16 GORSE 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 16 GORSE 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 16 GORSE LANE?

16 GORSE LANE is located in SILK WILLOUGHBY, in the NG34 postcode district. The below map shows the position of No. 16 on GORSE LANE.