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

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

29 BACK LANE is a large extended detached house of 152m², built sometime between 1976 and 1982. It was last sold for £230,000 in July 2009, which was around 16% 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	£197,649	16% above HPI
2007 7 NOV	£235,000	£246,334	5% below HPI
1999 27 APR	£107,950	£89,617	20% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2009 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

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 in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where 29 BACK LANE lies on this distribution: 64% of detached 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.