24A, WATER LANE, SOUTH WITHAM, GRANTHAM, NG33 5PH - £200,000

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

24A WATER LANE is a small extended detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £283,353. It was last sold for £200,000 in February 2016, which was around 23% below the average February 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2025, where the current energy rating was B, and the potential energy rating was B.

24A WATER LANE Sold Prices

Land registry data shows three sales for 24A WATER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 24A WATER LANE 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
2016 26 FEB	£200,000	£259,984	23% below HPI
2012 26 JUL	£100,000	£216,916	54% below HPI
1998 6 AUG	£65,000	£83,490	22% below HPI

24A WATER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 24A WATER LANE sales between August 1998 and February 2016 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 2012 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 24A WATER LANE be worth now?

24A WATER LANE might now be worth an estimated £283,353.

This is based on house price inflation of 41.7%, between February 2016 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.7% inflationary increase is applied to the most recent sale price for 24A WATER LANE of £200,000 on 26th February 2016. For the value to have increased from £200,000 to £283,353 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 24A WATER LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2016 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 24A WATER LANE has not materially changed since February 2016.

How Large is 24A WATER LANE?

24A WATER LANE is 88m², which includes one extension, according to the EPC inspection conducted in January 2025. This puts it in the smallest 40% of detached houses houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Witham, and where 24A WATER LANE lies on this distribution: 33% of detached houses houses are smaller than 24A WATER LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in South Witham.

24A WATER LANE: Plot and Title Map

24A WATER LANE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 24A WATER LANE, 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 24A WATER LANE). 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 24A WATER LANE?

24A WATER LANE is located in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of No. 24A on WATER LANE.