16A, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £243,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

16A BACK LANE is a small extended detached house of 126m², built sometime between 1976 and 1982. It was last sold for £243,000 in April 2014, which was around 6% above the average April 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

16A BACK LANE Sold Prices

Land registry data shows three sales for 16A BACK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. The three 16A BACK LANE sales were a mix of above the average price, roughly equal to the average price, and 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 29 APR	£243,000	£228,622	6% above HPI
2006 5 APR	£216,000	£215,456	Close to HPI
1995 30 JUN	£48,000	£69,950	31% below HPI

16A BACK 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 three 16A BACK LANE sales between June 1995 and April 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 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2014 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 16A BACK LANE?

16A BACK LANE is 126m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 16A BACK LANE lies on this distribution: 34% of detached houses are smaller than 16A BACK LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

16A BACK LANE: Plot and Title Map

16A BACK LANE sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of 16A BACK 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 16A BACK 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 16A BACK LANE?

16A BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 16A on BACK LANE.