37, NAVIGATION LANE, CAISTOR, MARKET RASEN, LN7 6NH - £240,000

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

37 NAVIGATION LANE is a midsized detached house of 116m², built sometime between 1976 and 1982. It was last sold for £240,000 in February 2022, which was around 12% below the average February 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

37 NAVIGATION LANE Sold Prices

Land registry data shows four sales for 37 NAVIGATION 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 West Lindsey local authority area for the corresponding sale date. Most of the four 37 NAVIGATION LANE 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 16 FEB	£240,000	£273,756	12% below HPI
2016 12 OCT	£175,000	£205,241	15% below HPI
2003 27 AUG	£159,950	£142,657	12% above HPI
2002 18 APR	£88,000	£98,178	10% below HPI

37 NAVIGATION LANE 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 four 37 NAVIGATION LANE sales between April 2002 and February 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 October 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 37 NAVIGATION LANE?

37 NAVIGATION LANE is 116m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of detached houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses by size in Caistor, and where 37 NAVIGATION LANE lies on this distribution: 45% of detached houses are smaller than 37 NAVIGATION LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Caistor.

37 NAVIGATION LANE: Plot and Title Map

37 NAVIGATION LANE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 37 NAVIGATION 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 37 NAVIGATION 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 37 NAVIGATION LANE?

37 NAVIGATION LANE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 37 on NAVIGATION LANE.