7, ROMAN WAY, CAISTOR, MARKET RASEN, LN7 6LW - £160,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 ROMAN WAY is a very small detached house of 56m², built sometime between 2003 and 2006. It was last sold for £160,000 in December 2018, which was around 27% below the average December 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

7 ROMAN WAY Sold Prices

Land registry data shows two sales for 7 ROMAN WAY 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 ROMAN WAY 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
2018 14 DEC	£160,000	£219,536	27% below HPI
2012 31 MAY	£132,000	£175,030	25% below HPI

7 ROMAN WAY 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 ROMAN WAY sales from May 2012 and December 2018 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2018 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 ROMAN WAY?

7 ROMAN WAY is 56m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% 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 ROMAN WAY lies on this distribution: 2% of detached houses are smaller than 7 ROMAN WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Caistor.

7 ROMAN WAY: Plot and Title Map

7 ROMAN WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 7 ROMAN WAY, 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 ROMAN WAY). 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 ROMAN WAY?

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