8, TEAL CLOSE, CAISTOR, MARKET RASEN, LN7 6TD - £119,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 TEAL CLOSE is a very small semi-detached house of 76m², built sometime between 1983 and 1990. It was last sold for £119,000 in January 2018, which was around 46% below the average January 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

8 TEAL CLOSE Sold Prices

Land registry data shows three sales for 8 TEAL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 8 TEAL 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
2018 12 JAN	£119,000	£219,568	46% below HPI
2011 14 JAN	£108,000	£182,239	41% below HPI
2001 12 DEC	£44,500	£89,084	50% below HPI

8 TEAL 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 three 8 TEAL CLOSE sales between December 2001 and January 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 January 2011 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2018 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 8 TEAL CLOSE?

8 TEAL CLOSE is 76m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% 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 TEAL CLOSE lies on this distribution: 12% of detached houses are smaller than 8 TEAL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Caistor.

8 TEAL CLOSE: Plot and Title Map

8 TEAL CLOSE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 8 TEAL 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 TEAL 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 TEAL CLOSE?

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