24, NEWBOLT CLOSE, CAISTOR, MARKET RASEN, LN7 6NY - £157,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 NEWBOLT CLOSE is a very small detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £202,550. It was last sold for £157,000 in March 2019, which was around 30% below the average March 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

24 NEWBOLT CLOSE Sold Prices

Land registry data shows two sales for 24 NEWBOLT 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 West Lindsey local authority area for the corresponding sale date. Both of the two 24 NEWBOLT 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
2019 22 MAR	£157,000	£225,647	30% below HPI
2015 22 JUL	£132,500	£195,242	32% below HPI

24 NEWBOLT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 24 NEWBOLT CLOSE sales from July 2015 and March 2019 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 July 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2019 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 24 NEWBOLT CLOSE be worth now?

24 NEWBOLT CLOSE might now be worth an estimated £202,550.

This is based on house price inflation of 29%, between March 2019 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29% inflationary increase is applied to the most recent sale price for 24 NEWBOLT CLOSE of £157,000 on 22nd March 2019. For the value to have increased from £157,000 to £202,550 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 24 NEWBOLT CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2019 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 24 NEWBOLT CLOSE has not materially changed since March 2019.

How Large is 24 NEWBOLT CLOSE?

24 NEWBOLT CLOSE is 77m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caistor, and where 24 NEWBOLT CLOSE lies on this distribution: 13% of detached houses houses are smaller than 24 NEWBOLT CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Caistor.

24 NEWBOLT CLOSE: Plot and Title Map

24 NEWBOLT CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 24 NEWBOLT 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 24 NEWBOLT 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 24 NEWBOLT CLOSE?

24 NEWBOLT CLOSE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 24 on NEWBOLT CLOSE.