41, PROSPECT STREET, HORNCASTLE, LN9 5BA - £125,000

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.

41 PROSPECT STREET is a very small semi-detached house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £170,838. It was last sold for £125,000 in August 2017, which was around 11% below the average August 2017 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

41 PROSPECT STREET Sold Prices

Land registry data shows two sales for 41 PROSPECT STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 41 PROSPECT STREET sales was for below the average price, whilst the other was 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
2017 18 AUG	£125,000	£141,174	11% below HPI
1996 30 JAN	£38,000	£36,388	4% above HPI

41 PROSPECT STREET 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 two 41 PROSPECT STREET sales from January 1996 and August 2017 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 January 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 41 PROSPECT STREET be worth now?

41 PROSPECT STREET might now be worth an estimated £170,838.

This is based on house price inflation of 36.7%, between August 2017 and February 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 36.7% inflationary increase is applied to the most recent sale price for 41 PROSPECT STREET of £125,000 on 18th August 2017. For the value to have increased from £125,000 to £170,838 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 41 PROSPECT STREET has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The August 2017 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 41 PROSPECT STREET has not materially changed since August 2017.

How Large is 41 PROSPECT STREET?

41 PROSPECT STREET is 70m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% 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 41 PROSPECT STREET lies on this distribution: 14% of semi-detached houses houses are smaller than 41 PROSPECT STREET, and 85% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

41 PROSPECT STREET: Plot and Title Map

41 PROSPECT STREET sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 41 PROSPECT STREET, 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 PROSPECT STREET). 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 PROSPECT STREET?

41 PROSPECT STREET is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 41 on PROSPECT STREET.