3, SPA TOP, CAISTOR, MARKET RASEN, LN7 6RB - £355,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 SPA TOP is a very large extended detached house of 246m², built sometime between 1991 and 1995. It was last sold for £355,000 in December 2006, which was around 88% above the average December 2006 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

3 SPA TOP Sold Prices

Land registry data shows two sales for 3 SPA TOP since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 3 SPA TOP 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
2006 13 DEC	£355,000	£188,712	88% above HPI
2003 27 AUG	£245,000	£142,657	72% above HPI

3 SPA TOP Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 3 SPA TOP sales from August 2003 and December 2006 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 2003 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the December 2006 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

How Large is 3 SPA TOP?

3 SPA TOP is 246m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the largest 10% of detached houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses by size in Caistor, and where 3 SPA TOP lies on this distribution: 98% of detached houses are smaller than 3 SPA TOP, and 2% of houses are larger. Note that EPC data is not available for all properties in Caistor.

3 SPA TOP: Plot and Title Map

3 SPA TOP sits on a plot of roughly 0.283 of an acre, or 1,144m². The below map shows the location of 3 SPA TOP, 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 SPA TOP). 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 SPA TOP?

3 SPA TOP is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 3 on SPA TOP.