20, PROSPECT STREET, HORNCASTLE, LN9 5BA - £125,000

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

20 PROSPECT STREET is a small extended detached house of 87m², built sometime between 1983 and 1990. It was last sold for £125,000 in November 2013, which was around 24% below the average November 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

20 PROSPECT STREET Sold Prices

Land registry data shows two sales for 20 PROSPECT STREET 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 20 PROSPECT STREET 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
2013 15 NOV	£125,000	£165,133	24% below HPI
2005 31 MAR	£160,000	£163,038	2% below HPI

20 PROSPECT STREET 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 20 PROSPECT STREET sales from March 2005 and November 2013 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 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2013 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 20 PROSPECT STREET?

20 PROSPECT STREET is 87m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 20 PROSPECT STREET lies on this distribution: 34% of detached houses are smaller than 20 PROSPECT STREET, and 65% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

20 PROSPECT STREET: Plot and Title Map

20 PROSPECT STREET sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 20 PROSPECT STREET, 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 20 PROSPECT STREET). 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 20 PROSPECT STREET?

20 PROSPECT STREET is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 20 on PROSPECT STREET.