2, GORSE HILL LANE, CAYTHORPE, GRANTHAM, NG32 3DY - £149,000

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

2 GORSE HILL LANE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £149,000 in December 2016, which was around 45% below the average December 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was A.

2 GORSE HILL LANE Sold Prices

Land registry data shows two sales for 2 GORSE HILL 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 2 GORSE HILL LANE 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 22 DEC	£149,000	£272,264	45% below HPI
1999 20 AUG	£62,500	£93,654	33% below HPI

2 GORSE HILL 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 2 GORSE HILL LANE sales from August 1999 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 August 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2016 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 2 GORSE HILL LANE?

2 GORSE HILL LANE is 80m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Caythorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Caythorpe, and where 2 GORSE HILL LANE lies on this distribution: 7% of detached houses are smaller than 2 GORSE HILL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Caythorpe.

2 GORSE HILL LANE: Plot and Title Map

2 GORSE HILL LANE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 2 GORSE HILL 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 2 GORSE HILL 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 2 GORSE HILL LANE?

2 GORSE HILL LANE is located in CAYTHORPE, in the NG32 postcode district. The below map shows the position of No. 2 on GORSE HILL LANE.