7, NAVIGATION LANE, CAISTOR, MARKET RASEN, LN7 6NH - £189,000

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

7 NAVIGATION LANE is a small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £189,000 in March 2021, which was around 25% below the average March 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

7 NAVIGATION LANE Sold Prices

Land registry data shows two sales for 7 NAVIGATION LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 7 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
2021 26 MAR	£189,000	£250,795	25% below HPI
2007 9 MAR	£143,000	£182,554	22% below HPI

7 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 two 7 NAVIGATION LANE sales from March 2007 and March 2021 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 March 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 NAVIGATION LANE?

7 NAVIGATION LANE is 94m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses by size in Caistor, and where 7 NAVIGATION LANE lies on this distribution: 30% of detached houses are smaller than 7 NAVIGATION LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Caistor.

7 NAVIGATION LANE: Plot and Title Map

7 NAVIGATION LANE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 7 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 7 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 7 NAVIGATION LANE?

7 NAVIGATION LANE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 7 on NAVIGATION LANE.