16, WATER LANE, CASTLE BYTHAM, GRANTHAM, NG33 4RT - £481,000

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

16 WATER LANE is a midsized extended detached house of 126m², built sometime before 1900. It was last sold for £481,000 in February 2021, which was around 46% above the average February 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

16 WATER LANE Sold Prices

Land registry data shows two sales for 16 WATER 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 16 WATER LANE 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
2021 5 FEB	£481,000	£329,337	46% above HPI
2015 30 JAN	£405,000	£235,277	72% above HPI

16 WATER 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 16 WATER LANE sales from January 2015 and February 2021 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 2015 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the February 2021 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 16 WATER LANE?

16 WATER LANE is 126m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses in Castle Bytham, based on EPC data. The below chart shows the distribution of detached houses by size in Castle Bytham, and where 16 WATER LANE lies on this distribution: 40% of detached houses are smaller than 16 WATER LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Castle Bytham.

16 WATER LANE: Plot and Title Map

16 WATER LANE sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 16 WATER 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 WATER 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 WATER LANE?

16 WATER LANE is located in CASTLE BYTHAM, in the NG33 postcode district. The below map shows the position of No. 16 on WATER LANE.