8, NEWBOLT CLOSE, CAISTOR, MARKET RASEN, LN7 6NY - £130,000

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

8 NEWBOLT CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990. It was last sold for £130,000 in February 2005, which was around 24% below the average February 2005 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

8 NEWBOLT CLOSE Sold Prices

Land registry data shows two sales for 8 NEWBOLT CLOSE 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 8 NEWBOLT CLOSE 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
2005 25 FEB	£130,000	£170,798	24% below HPI
2004 25 FEB	£106,000	£151,739	30% below HPI

8 NEWBOLT CLOSE 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 8 NEWBOLT CLOSE sales from February 2004 and February 2005 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 February 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2005 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 8 NEWBOLT CLOSE?

8 NEWBOLT CLOSE is 62m² according to the EPC inspection conducted in July 2020. 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 8 NEWBOLT CLOSE lies on this distribution: 3% of detached houses are smaller than 8 NEWBOLT CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Caistor.

8 NEWBOLT CLOSE: Plot and Title Map

8 NEWBOLT CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 8 NEWBOLT 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 8 NEWBOLT 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 8 NEWBOLT CLOSE?

8 NEWBOLT CLOSE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 8 on NEWBOLT CLOSE.