8, OLD SCHOOL LANE, CRANWELL VILLAGE, SLEAFORD, NG34 8DF - £143,500

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.

8 OLD SCHOOL LANE is a large extended detached house of 132m², built sometime before 1900, which could now be worth an estimated £231,564. It was last sold for £143,500 in February 2007, which was around 24% below the average February 2007 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

8 OLD SCHOOL LANE Sold Prices

Land registry data shows three sales for 8 OLD SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Two of the three 8 OLD SCHOOL LANE sales were for below the average price, whilst one 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
2007 7 FEB	£143,500	£187,613	24% below HPI
2003 8 SEP	£107,000	£146,267	27% below HPI
2001 18 JUN	£97,500	£83,562	17% above HPI

8 OLD SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 8 OLD SCHOOL LANE sales between June 2001 and February 2007 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 September 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2007 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 OLD SCHOOL LANE be worth now?

8 OLD SCHOOL LANE might now be worth an estimated £231,564.

This is based on house price inflation of 61.4%, between February 2007 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.4% inflationary increase is applied to the most recent sale price for 8 OLD SCHOOL LANE of £143,500 on 7th February 2007. For the value to have increased from £143,500 to £231,564 over the eighteen years to February 2025, the following assumptions must hold true:

• The value of 8 OLD SCHOOL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The February 2007 sale price of £143,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD SCHOOL LANE has not materially changed since February 2007.

How Large is 8 OLD SCHOOL LANE?

8 OLD SCHOOL LANE is 132m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses houses in Cranwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranwell, and where 8 OLD SCHOOL LANE lies on this distribution: 77% of detached houses houses are smaller than 8 OLD SCHOOL LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Cranwell.

8 OLD SCHOOL LANE: Plot and Title Map

8 OLD SCHOOL LANE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 8 OLD SCHOOL 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 8 OLD SCHOOL 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 8 OLD SCHOOL LANE?

8 OLD SCHOOL LANE is located in CRANWELL VILLAGE, in the NG34 postcode district. The below map shows the position of No. 8 on OLD SCHOOL LANE.