41, NAVIGATION LANE, CAISTOR, MARKET RASEN, LN7 6NH - £230,000

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

41 NAVIGATION LANE is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £230,000 in March 2022, which was around 16% below the average March 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

41 NAVIGATION LANE Sold Prices

Land registry data shows three sales for 41 NAVIGATION LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 41 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 18 MAR	£230,000	£273,442	16% below HPI
2003 9 MAY	£130,000	£134,892	4% below HPI
1996 12 JUL	£58,650	£61,200	4% below HPI

41 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 three 41 NAVIGATION LANE sales between July 1996 and March 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 May 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 41 NAVIGATION LANE?

41 NAVIGATION LANE is 88m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses by size in Caistor, and where 41 NAVIGATION LANE lies on this distribution: 25% of detached houses are smaller than 41 NAVIGATION LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Caistor.

41 NAVIGATION LANE: Plot and Title Map

41 NAVIGATION LANE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 41 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 41 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 41 NAVIGATION LANE?

41 NAVIGATION LANE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 41 on NAVIGATION LANE.