38, COLLEGE CLOSE, HORNCASTLE, LN9 6BY - £118,000

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.

38 COLLEGE CLOSE is a small extended semi-detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £183,455. It was last sold for £118,000 in August 2015, which was around 5% below the average August 2015 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

38 COLLEGE CLOSE Sold Prices

Land registry data shows six sales for 38 COLLEGE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the six 38 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
2015 27 AUG	£118,000	£124,261	5% below HPI
2013 16 MAY	£110,000	£115,472	5% below HPI
2005 1 SEP	£101,500	£117,756	14% below HPI
2004 19 FEB	£78,500	£97,275	19% below HPI
2003 30 SEP	£71,500	£87,071	18% below HPI
2002 26 APR	£52,950	£62,198	15% below HPI

38 COLLEGE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The six 38 COLLEGE CLOSE sales between April 2002 and August 2015 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 May 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2015 sale, which was also at 5% below the HPI.

What might 38 COLLEGE CLOSE be worth now?

38 COLLEGE CLOSE might now be worth an estimated £183,455.

This is based on house price inflation of 55.5%, between August 2015 and March 2025, for semi-detached 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 55.5% inflationary increase is applied to the most recent sale price for 38 COLLEGE CLOSE of £118,000 on 27th August 2015. For the value to have increased from £118,000 to £183,455 over the ten years and five months to March 2025, the following assumptions must hold true:

• The value of 38 COLLEGE CLOSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The August 2015 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 38 COLLEGE CLOSE has not materially changed since August 2015.

How Large is 38 COLLEGE CLOSE?

38 COLLEGE CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of semi-detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Horncastle, and where 38 COLLEGE CLOSE lies on this distribution: 23% of semi-detached houses houses are smaller than 38 COLLEGE CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

38 COLLEGE CLOSE: Plot and Title Map

38 COLLEGE CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 38 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 38 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 38 COLLEGE CLOSE?

38 COLLEGE CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 38 on COLLEGE CLOSE.