2, WILLOW CLOSE, HORNCASTLE, LN9 5BH - £207,500

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 WILLOW CLOSE is a small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £207,500 in July 2023, which was around 26% below the average July 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

2 WILLOW CLOSE Sold Prices

Land registry data shows two sales for 2 WILLOW 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 WILLOW 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
2023 17 JUL	£207,500	£279,040	26% below HPI
2023 28 FEB	£200,000	£287,930	31% below HPI

2 WILLOW 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 WILLOW CLOSE sales from February 2023 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 February 2023 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 2 WILLOW CLOSE be worth now?

2 WILLOW CLOSE might now be worth an estimated £211,852.

This is based on house price inflation of 2.1%, between July 2023 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 2.1% inflationary increase is applied to the most recent sale price for 2 WILLOW CLOSE of £207,500 on 17th July 2023. For the value to have increased from £207,500 to £211,852 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 WILLOW CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2023 sale price of £207,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WILLOW CLOSE has not materially changed since July 2023.

How Large is 2 WILLOW CLOSE?

2 WILLOW CLOSE is 75m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% 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 WILLOW CLOSE lies on this distribution: 21% of detached houses houses are smaller than 2 WILLOW CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 WILLOW CLOSE: Plot and Title Map

2 WILLOW CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 2 WILLOW 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 WILLOW 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 WILLOW CLOSE?

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