1A, CORN CLOSE, HORNCASTLE, LN9 5ST - £180,000

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.

1A CORN CLOSE is a very small detached house of 59m², built sometime from 2007 onwards, which could now be worth an estimated £208,224. It was last sold for £180,000 in August 2021, which was around 27% below the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

1A CORN CLOSE Sold Prices

Land registry data shows four sales for 1A CORN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 1A CORN CLOSE 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
2021 3 AUG	£180,000	£247,452	27% below HPI
2013 10 MAY	£123,000	£173,106	29% below HPI
2010 16 DEC	£124,950	£167,679	25% below HPI
2006 15 SEP	£61,250	£178,910	66% below HPI

1A CORN CLOSE 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 four 1A CORN CLOSE sales between September 2006 and August 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 May 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1A CORN CLOSE be worth now?

1A CORN CLOSE might now be worth an estimated £208,224.

This is based on house price inflation of 15.7%, between August 2021 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 15.7% inflationary increase is applied to the most recent sale price for 1A CORN CLOSE of £180,000 on 3rd August 2021. For the value to have increased from £180,000 to £208,224 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1A CORN CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2021 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 1A CORN CLOSE has not materially changed since August 2021.

How Large is 1A CORN CLOSE?

1A CORN CLOSE is 59m² according to the EPC inspection conducted in January 2013. 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 1A CORN CLOSE lies on this distribution: 3% of detached houses houses are smaller than 1A CORN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1A CORN CLOSE: Plot and Title Map

1A CORN CLOSE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 1A CORN CLOSE, 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 1A CORN CLOSE). 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 1A CORN CLOSE?

1A CORN CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 1A on CORN CLOSE.