2, OSBORNE WAY, HORNCASTLE, LN9 5GB - £230,000

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 OSBORNE WAY is a very small detached house of 57m², built sometime between 2003 and 2006. It was last sold for £230,000 in July 2023, which was around 16% below the average July 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

2 OSBORNE WAY Sold Prices

Land registry data shows three sales for 2 OSBORNE WAY 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. Two of the three 2 OSBORNE WAY sales were for below the average price, whilst one was for above 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
2023 31 JUL	£230,000	£275,032	16% below HPI
2020 9 MAR	£198,000	£214,010	7% below HPI
2003 22 OCT	£154,500	£137,863	12% above HPI

2 OSBORNE WAY 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 OSBORNE WAY sales between October 2003 and July 2023 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 March 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 OSBORNE WAY?

2 OSBORNE WAY is 57m² according to the EPC inspection conducted in October 2019. 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 OSBORNE WAY lies on this distribution: 2% of detached houses are smaller than 2 OSBORNE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 OSBORNE WAY: Plot and Title Map

2 OSBORNE WAY sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 2 OSBORNE WAY, 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 OSBORNE WAY). 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 OSBORNE WAY?

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