9, CHAPEL LANE, LEASINGHAM, SLEAFORD, NG34 8LB - £235,000

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.

9 CHAPEL LANE is a very large detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £248,987. It was last sold for £235,000 in December 2021, which was around 18% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

9 CHAPEL LANE Sold Prices

Land registry data shows four sales for 9 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 9 CHAPEL 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 15 DEC	£235,000	£285,742	18% below HPI
2005 8 JUL	£175,000	£177,228	1% below HPI
2005 11 FEB	£126,000	£170,405	26% below HPI
2004 8 SEP	£87,500	£166,717	48% below HPI

9 CHAPEL 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 four 9 CHAPEL LANE sales between September 2004 and December 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 July 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 CHAPEL LANE be worth now?

9 CHAPEL LANE might now be worth an estimated £248,987.

This is based on house price inflation of 6%, between December 2021 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 6% inflationary increase is applied to the most recent sale price for 9 CHAPEL LANE of £235,000 on 15th December 2021. For the value to have increased from £235,000 to £248,987 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 9 CHAPEL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 9 CHAPEL LANE has not materially changed since December 2021.

How Large is 9 CHAPEL LANE?

9 CHAPEL LANE is 161m² according to the EPC inspection conducted in September 2021. This puts it in the largest 20% of detached houses houses in Leasingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leasingham, and where 9 CHAPEL LANE lies on this distribution: 90% of detached houses houses are smaller than 9 CHAPEL LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

9 CHAPEL LANE: Plot and Title Map

9 CHAPEL LANE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 9 CHAPEL 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 9 CHAPEL 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 9 CHAPEL LANE?

9 CHAPEL LANE is located in LEASINGHAM, in the NG34 postcode district. The below map shows the position of No. 9 on CHAPEL LANE.