16, ROMAN WAY, CAISTOR, MARKET RASEN, LN7 6LW - £171,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 ROMAN WAY is a small detached house of 92m², which could now be worth an estimated £216,633. It was last sold for £171,000 in June 2018, which was around 24% below the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

16 ROMAN WAY Sold Prices

Land registry data shows three sales for 16 ROMAN WAY 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 16 ROMAN WAY 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
2018 21 JUN	£171,000	£224,902	24% below HPI
2014 20 MAY	£159,000	£187,363	15% below HPI
2011 9 DEC	£172,500	£178,256	3% below HPI

16 ROMAN WAY 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 16 ROMAN WAY sales between December 2011 and June 2018 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 May 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 16 ROMAN WAY be worth now?

16 ROMAN WAY might now be worth an estimated £216,633.

This is based on house price inflation of 26.7%, between June 2018 and December 2024, 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 26.7% inflationary increase is applied to the most recent sale price for 16 ROMAN WAY of £171,000 on 21st June 2018. For the value to have increased from £171,000 to £216,633 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of 16 ROMAN WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2018 sale price of £171,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ROMAN WAY has not materially changed since June 2018.

How Large is 16 ROMAN WAY?

16 ROMAN WAY is 92m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 30% 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 16 ROMAN WAY lies on this distribution: 30% of detached houses houses are smaller than 16 ROMAN WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Caistor.

16 ROMAN WAY: Plot and Title Map

16 ROMAN WAY sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 16 ROMAN WAY, 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 ROMAN WAY). 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 ROMAN WAY?

16 ROMAN WAY is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 16 on ROMAN WAY.