16, MILLSTONE CLOSE, HORNCASTLE, LN9 5SU - £208,000

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 MILLSTONE CLOSE is a midsized detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £325,746. It was last sold for £208,000 in June 2015, which was around 14% above the average June 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

16 MILLSTONE CLOSE Sold Prices

Land registry data shows two sales for 16 MILLSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 16 MILLSTONE CLOSE sales were for above 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
2015 3 JUN	£208,000	£182,782	14% above HPI
1999 30 NOV	£79,950	£70,347	14% above HPI

16 MILLSTONE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 16 MILLSTONE CLOSE sales from November 1999 and June 2015 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 November 1999 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2015 sale, which was also at 14% above the HPI.

What might 16 MILLSTONE CLOSE be worth now?

16 MILLSTONE CLOSE might now be worth an estimated £325,746.

This is based on house price inflation of 56.6%, between June 2015 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.6% inflationary increase is applied to the most recent sale price for 16 MILLSTONE CLOSE of £208,000 on 3rd June 2015. For the value to have increased from £208,000 to £325,746 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 16 MILLSTONE CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2015 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILLSTONE CLOSE has not materially changed since June 2015.

How Large is 16 MILLSTONE CLOSE?

16 MILLSTONE CLOSE is 101m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 50% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where 16 MILLSTONE CLOSE lies on this distribution: 49% of detached houses houses are smaller than 16 MILLSTONE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

16 MILLSTONE CLOSE: Plot and Title Map

16 MILLSTONE CLOSE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 16 MILLSTONE 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 16 MILLSTONE 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 16 MILLSTONE CLOSE?

16 MILLSTONE CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 16 on MILLSTONE CLOSE.