5, MADELY CLOSE, HORNCASTLE, LN9 6RQ - £55,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 MADELY CLOSE is a very small semi-detached house of 69m², built sometime between 1996 and 2002. It was last sold for £55,000 in August 2001, which was around 4% above the average August 2001 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

5 MADELY CLOSE Sold Prices

Land registry data shows two sales for 5 MADELY CLOSE 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. Both of the two 5 MADELY 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
2001 24 AUG	£55,000	£52,911	4% above HPI
2000 30 JUN	£54,750	£47,592	15% above HPI

5 MADELY 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 two 5 MADELY CLOSE sales from June 2000 and August 2001 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 June 2000 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2001 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5 MADELY CLOSE be worth now?

5 MADELY CLOSE might now be worth an estimated £200,223.

This is based on house price inflation of 264%, between August 2001 and December 2024, 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 264% inflationary increase is applied to the most recent sale price for 5 MADELY CLOSE of £55,000 on 24th August 2001. For the value to have increased from £55,000 to £200,223 over the 22 years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 MADELY CLOSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The August 2001 sale price of £55,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MADELY CLOSE has not materially changed since August 2001.

How Large is 5 MADELY CLOSE?

5 MADELY CLOSE is 69m² according to the EPC inspection conducted in February 2020. 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 5 MADELY CLOSE lies on this distribution: 14% of semi-detached houses houses are smaller than 5 MADELY CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

5 MADELY CLOSE: Plot and Title Map

5 MADELY CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 5 MADELY 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 5 MADELY 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 5 MADELY CLOSE?

5 MADELY CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 5 on MADELY CLOSE.