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

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.

16A BACK LANE is a small extended detached house of 126m², built sometime between 1976 and 1982, which could now be worth an estimated £394,079. It was last sold for £243,000 in April 2014, which was around 8% 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. Two of the three 16A BACK LANE sales were for above the average price, whilst one was 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 29 APR	£243,000	£224,859	8% above HPI
2006 5 APR	£216,000	£211,909	2% above HPI
1995 30 JUN	£48,000	£68,798	30% 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 was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2014 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 16A BACK LANE be worth now?

16A BACK LANE might now be worth an estimated £394,079.

This is based on house price inflation of 62.2%, between April 2014 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.2% inflationary increase is applied to the most recent sale price for 16A BACK LANE of £243,000 on 29th April 2014. For the value to have increased from £243,000 to £394,079 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 16A BACK LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2014 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 16A BACK LANE has not materially changed since April 2014.

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 houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colsterworth, and where 16A BACK LANE lies on this distribution: 34% of detached houses 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.