18, PROSPECT STREET, HORNCASTLE, LN9 5BA - £225,000

18 PROSPECT STREET is a small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £225,000 in May 2023, which was around 18% below the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

18 PROSPECT STREET Sold Prices

Land registry data shows three sales for 18 PROSPECT STREET 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 18 PROSPECT STREET 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
2023 26 MAY	£225,000	£273,190	18% below HPI
2021 16 JUL	£215,000	£239,638	10% below HPI
2001 6 JUL	£75,000	£80,837	7% below HPI

18 PROSPECT STREET 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 18 PROSPECT STREET sales between July 2001 and May 2023 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 July 2021 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 18 PROSPECT STREET?

18 PROSPECT STREET is 79m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 18 PROSPECT STREET lies on this distribution: 26% of detached houses are smaller than 18 PROSPECT STREET, and 73% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

18 PROSPECT STREET: Plot and Title Map

18 PROSPECT STREET sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 18 PROSPECT STREET, 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 PROSPECT STREET). 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 PROSPECT STREET?

18 PROSPECT STREET is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 18 on PROSPECT STREET.