16, WESLEY WAY, HORNCASTLE, LN9 6RY - £156,950

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 WESLEY WAY is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £251,066. It was last sold for £156,950 in December 2014, which was around 12% below the average December 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

16 WESLEY WAY Sold Prices

Land registry data shows three sales for 16 WESLEY 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 East Lindsey local authority area for the corresponding sale date. All of the three 16 WESLEY 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
2014 17 DEC	£156,950	£178,946	12% below HPI
2014 4 APR	£136,000	£173,700	22% below HPI
2000 26 MAY	£58,500	£73,116	20% below HPI

16 WESLEY WAY 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 three 16 WESLEY WAY sales between May 2000 and December 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 April 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2014 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 16 WESLEY WAY be worth now?

16 WESLEY WAY might now be worth an estimated £251,066.

This is based on house price inflation of 60%, between December 2014 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 60% inflationary increase is applied to the most recent sale price for 16 WESLEY WAY of £156,950 on 17th December 2014. For the value to have increased from £156,950 to £251,066 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 WESLEY WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2014 sale price of £156,950 represented a fair market value for the property.
• The size, condition, and specification of 16 WESLEY WAY has not materially changed since December 2014.

How Large is 16 WESLEY WAY?

16 WESLEY WAY is 56m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% 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 WESLEY WAY lies on this distribution: 1% of detached houses houses are smaller than 16 WESLEY WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

16 WESLEY WAY: Plot and Title Map

16 WESLEY WAY sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 16 WESLEY 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 WESLEY 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 WESLEY WAY?

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