3, COLLEGE CLOSE, HORNCASTLE, LN9 6BY - £110,000

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.

3 COLLEGE CLOSE is a very small extended terraced house of 35m², built sometime between 1991 and 1995, which could now be worth an estimated £106,797. It was last sold for £110,000 in May 2022, which was around 23% below the average May 2022 terraced price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

3 COLLEGE CLOSE Sold Prices

Land registry data shows seven sales for 3 COLLEGE CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Most of the seven 3 COLLEGE CLOSE 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
2022 19 MAY	£110,000	£142,943	23% below HPI
2017 25 AUG	£89,950	£111,881	20% below HPI
2010 3 DEC	£63,000	£89,181	29% below HPI
2004 16 NOV	£72,950	£88,021	17% below HPI
2003 10 SEP	£55,000	£66,413	17% below HPI
2000 21 FEB	£30,000	£35,527	16% below HPI
1997 27 MAR	£31,500	£27,459	15% above HPI

3 COLLEGE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The seven 3 COLLEGE CLOSE sales between March 1997 and May 2022 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 August 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 3 COLLEGE CLOSE be worth now?

3 COLLEGE CLOSE might now be worth an estimated £106,797.

This is based on house price deflation of 2.9%, between May 2022 and July 2025, for terraced houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% deflationary decrease is applied to the most recent sale price for 3 COLLEGE CLOSE of £110,000 on 19th May 2022. For the value to have decreased from £110,000 to £106,797 over the two years and ten months to July 2025, the following assumptions must hold true:

• The value of 3 COLLEGE CLOSE has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The May 2022 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLLEGE CLOSE has not materially changed since May 2022.

How Large is 3 COLLEGE CLOSE?

3 COLLEGE CLOSE is 35m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of terraced houses houses in Horncastle, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Horncastle, and where 3 COLLEGE CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 COLLEGE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

3 COLLEGE CLOSE: Plot and Title Map

3 COLLEGE CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 3 COLLEGE CLOSE, 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 3 COLLEGE CLOSE). 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 3 COLLEGE CLOSE?

3 COLLEGE CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 3 on COLLEGE CLOSE.