29, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £230,000

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.

29 BACK LANE is a large extended detached house of 152m², built sometime between 1976 and 1982, which could now be worth an estimated £431,449. It was last sold for £230,000 in July 2009, which was around 18% above the average July 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was C.

29 BACK LANE Sold Prices

Land registry data shows three sales for 29 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. Two of the three 29 BACK LANE sales were for above the average price, whilst one was 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
2009 23 JUL	£230,000	£194,395	18% above HPI
2007 7 NOV	£235,000	£242,279	3% below HPI
1999 27 APR	£107,950	£88,142	22% above HPI

29 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 29 BACK LANE sales between April 1999 and July 2009 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 November 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2009 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 29 BACK LANE be worth now?

29 BACK LANE might now be worth an estimated £431,449.

This is based on house price inflation of 87.6%, between July 2009 and February 2025, 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 87.6% inflationary increase is applied to the most recent sale price for 29 BACK LANE of £230,000 on 23rd July 2009. For the value to have increased from £230,000 to £431,449 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 29 BACK LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2009 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 29 BACK LANE has not materially changed since July 2009.

How Large is 29 BACK LANE?

29 BACK LANE is 152m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the largest 40% of detached houses houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colsterworth, and where 29 BACK LANE lies on this distribution: 64% of detached houses houses are smaller than 29 BACK LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

29 BACK LANE: Plot and Title Map

29 BACK LANE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 29 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 29 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 29 BACK LANE?

29 BACK LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 29 on BACK LANE.