2A, SCHOOL LANE, COLSTERWORTH, GRANTHAM, NG33 5NW - £365,000

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.

2A SCHOOL LANE is a very large detached house of 206m², built sometime before 1900, which could now be worth an estimated £569,124. It was last sold for £365,000 in November 2014, which was around 56% above the average November 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

2A SCHOOL LANE Sold Prices

Land registry data shows four sales for 2A SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 2A SCHOOL LANE sales were for above 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
2014 4 NOV	£365,000	£233,869	56% above HPI
2005 18 NOV	£340,000	£210,789	61% above HPI
2002 21 MAR	£240,000	£128,249	87% above HPI
2000 17 JAN	£170,000	£93,067	83% above HPI

2A SCHOOL 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 four 2A SCHOOL LANE sales between January 2000 and November 2014 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 2005 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the November 2014 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 2A SCHOOL LANE be worth now?

2A SCHOOL LANE might now be worth an estimated £569,124.

This is based on house price inflation of 55.9%, between November 2014 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 55.9% inflationary increase is applied to the most recent sale price for 2A SCHOOL LANE of £365,000 on 4th November 2014. For the value to have increased from £365,000 to £569,124 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2A SCHOOL LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2014 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2A SCHOOL LANE has not materially changed since November 2014.

How Large is 2A SCHOOL LANE?

2A SCHOOL LANE is 206m² according to the EPC inspection conducted in November 2011. This puts it in the largest 20% 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 2A SCHOOL LANE lies on this distribution: 83% of detached houses houses are smaller than 2A SCHOOL LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

2A SCHOOL LANE: Plot and Title Map

2A SCHOOL LANE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 2A SCHOOL 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 2A SCHOOL 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 2A SCHOOL LANE?

2A SCHOOL LANE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 2A on SCHOOL LANE.