2, FAIRFAX CLOSE, HORNCASTLE, LN9 6RD - £162,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 FAIRFAX CLOSE is a very small detached house of 57m², built sometime between 1991 and 1995. It was last sold for £162,500 in December 2016, which was around 19% below the average December 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

2 FAIRFAX CLOSE Sold Prices

Land registry data shows two sales for 2 FAIRFAX CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 2 FAIRFAX 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
2016 2 DEC	£162,500	£200,244	19% below HPI
2001 4 JUN	£67,750	£83,707	19% below HPI

2 FAIRFAX 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 two 2 FAIRFAX CLOSE sales from June 2001 and December 2016 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 June 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2016 sale, which was also at 19% below the HPI.

What might 2 FAIRFAX CLOSE be worth now?

2 FAIRFAX CLOSE might now be worth an estimated £231,193.

This is based on house price inflation of 42.3%, between December 2016 and December 2024, 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 42.3% inflationary increase is applied to the most recent sale price for 2 FAIRFAX CLOSE of £162,500 on 2nd December 2016. For the value to have increased from £162,500 to £231,193 over the eight years to December 2024, the following assumptions must hold true:

• The value of 2 FAIRFAX CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2016 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRFAX CLOSE has not materially changed since December 2016.

How Large is 2 FAIRFAX CLOSE?

2 FAIRFAX CLOSE is 57m² according to the EPC inspection conducted in July 2016. 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 2 FAIRFAX CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 FAIRFAX CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 FAIRFAX CLOSE: Plot and Title Map

2 FAIRFAX CLOSE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 2 FAIRFAX 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 2 FAIRFAX 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 2 FAIRFAX CLOSE?

2 FAIRFAX CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 2 on FAIRFAX CLOSE.