34, WATER LANE, CASTLE BYTHAM, GRANTHAM, NG33 4RT - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

34 WATER LANE is a small semi-detached house of 108m², built sometime before 1900, which could now be worth an estimated £436,618. It was last sold for £245,000 in March 2013, which was around 83% above the average March 2013 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was A.

34 WATER LANE Sold Prices

Land registry data shows four sales for 34 WATER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 34 WATER 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
2013 6 MAR	£245,000	£134,222	83% above HPI
2008 12 DEC	£142,500	£135,968	5% above HPI
2002 18 OCT	£109,950	£91,624	20% above HPI
1997 31 OCT	£65,000	£47,910	36% above HPI

34 WATER LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four 34 WATER LANE sales between October 1997 and March 2013 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 December 2008 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2013 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might 34 WATER LANE be worth now?

34 WATER LANE might now be worth an estimated £436,618.

This is based on house price inflation of 78.2%, between March 2013 and December 2024, for semi-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 78.2% inflationary increase is applied to the most recent sale price for 34 WATER LANE of £245,000 on 6th March 2013. For the value to have increased from £245,000 to £436,618 over the ten years and three months to December 2024, the following assumptions must hold true:

• The value of 34 WATER LANE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The March 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 34 WATER LANE has not materially changed since March 2013.

How Large is 34 WATER LANE?

34 WATER LANE is 108m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of semi-detached houses houses in Castle Bytham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Castle Bytham, and where 34 WATER LANE lies on this distribution: 27% of semi-detached houses houses are smaller than 34 WATER LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Castle Bytham.

34 WATER LANE: Plot and Title Map

34 WATER LANE sits on a plot of roughly 0.237 of an acre, or 959m². The below map shows the location of 34 WATER 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 34 WATER 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 34 WATER LANE?

34 WATER LANE is located in CASTLE BYTHAM, in the NG33 postcode district. The below map shows the position of No. 34 on WATER LANE.