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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). 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 18% 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	£197,369	18% below HPI
2001 4 JUN	£67,750	£82,504	18% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2016 sale, which was also at 18% below the HPI.

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 in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 2 FAIRFAX CLOSE lies on this distribution: 2% of detached 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.