2, HOLLY CLOSE, HORNCASTLE, LN9 5EX - £325,000

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 HOLLY CLOSE is a large extended detached house of 120m², built sometime between 1983 and 1990. It was last sold for £325,000 in December 2022, which was around 14% above the average December 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

2 HOLLY CLOSE Sold Prices

Land registry data shows three sales for 2 HOLLY CLOSE 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. One of the three 2 HOLLY CLOSE sales was for above the average price, whilst two 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
2022 8 DEC	£325,000	£284,149	14% above HPI
2017 15 SEP	£158,500	£210,398	25% below HPI
1998 2 FEB	£59,000	£62,385	5% below HPI

2 HOLLY 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 three 2 HOLLY CLOSE sales between February 1998 and December 2022 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 September 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 2 HOLLY CLOSE?

2 HOLLY CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 40% 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 HOLLY CLOSE lies on this distribution: 65% of detached houses are smaller than 2 HOLLY CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 HOLLY CLOSE: Plot and Title Map

2 HOLLY CLOSE sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of 2 HOLLY 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 HOLLY 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 HOLLY CLOSE?

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