18, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £507,000

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

18 BACK LANE is a very large extended detached house of 202m², built sometime before 1900. It was last sold for £507,000 in December 2021, which was around 45% above the average December 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

18 BACK LANE Sold Prices

Land registry data shows two sales for 18 BACK 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 18 BACK 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 21 DEC	£507,000	£349,401	45% above HPI
2014 20 MAR	£350,000	£227,582	54% above HPI

18 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 two 18 BACK LANE sales from March 2014 and December 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 March 2014 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the December 2021 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 18 BACK LANE?

18 BACK LANE is 202m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 20% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 18 BACK LANE lies on this distribution: 83% of detached houses are smaller than 18 BACK LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

18 BACK LANE: Plot and Title Map

18 BACK LANE sits on a plot of roughly 0.357 of an acre, or 1,445m². The below map shows the location of 18 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 18 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 18 BACK LANE?

18 BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 18 on BACK LANE.