26, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £412,500

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

26 BACK LANE is a large extended detached house of 178m², built sometime between 1976 and 1982. It was last sold for £412,500 in June 2021, which was around 26% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

26 BACK LANE Sold Prices

Land registry data shows three sales for 26 BACK 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. One of the three 26 BACK LANE sales was for above the average price, whilst two 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
2021 25 JUN	£412,500	£328,593	26% above HPI
2011 1 JUL	£160,500	£218,991	27% below HPI
1998 17 JUL	£79,950	£83,842	5% below HPI

26 BACK 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 26 BACK LANE sales between July 1998 and June 2021 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 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2021 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 26 BACK LANE?

26 BACK LANE is 178m², which includes three extensions, according to the EPC inspection conducted in February 2021. This puts it in the largest 30% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 26 BACK LANE lies on this distribution: 74% of detached houses are smaller than 26 BACK LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

26 BACK LANE: Plot and Title Map

26 BACK LANE sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 26 BACK 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 26 BACK 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 26 BACK LANE?

26 BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 26 on BACK LANE.