4, CORN CLOSE, HORNCASTLE, LN9 5ST - £255,000

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.

4 CORN CLOSE is a large detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £321,647. It was last sold for £255,000 in September 2020, which was around 13% above the average September 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2015, where the current energy rating was B, and the potential energy rating was B.

4 CORN CLOSE Sold Prices

Land registry data shows three sales for 4 CORN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 4 CORN CLOSE 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
2020 4 SEP	£255,000	£225,854	13% above HPI
2015 24 NOV	£250,000	£190,829	31% above HPI
1999 15 JAN	£73,950	£68,502	8% above HPI

4 CORN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 4 CORN CLOSE sales between January 1999 and September 2020 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 November 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2020 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 4 CORN CLOSE be worth now?

4 CORN CLOSE might now be worth an estimated £321,647.

This is based on house price inflation of 26.1%, between September 2020 and March 2025, for 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 26.1% inflationary increase is applied to the most recent sale price for 4 CORN CLOSE of £255,000 on 4th September 2020. For the value to have increased from £255,000 to £321,647 over the five years and six months to March 2025, the following assumptions must hold true:

• The value of 4 CORN CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2020 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CORN CLOSE has not materially changed since September 2020.

How Large is 4 CORN CLOSE?

4 CORN CLOSE is 125m² according to the EPC inspection conducted in September 2015. This puts it in the largest 40% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where 4 CORN CLOSE lies on this distribution: 67% of detached houses houses are smaller than 4 CORN CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

4 CORN CLOSE: Plot and Title Map

4 CORN CLOSE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 4 CORN 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 4 CORN 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 4 CORN CLOSE?

4 CORN CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 4 on CORN CLOSE.