9, MADELY CLOSE, HORNCASTLE, LN9 6RQ - £263,200

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

9 MADELY CLOSE is a midsized extended detached house of 106m², built sometime between 1996 and 2002. It was last sold for £263,200 in October 2021, which was around 5% above the average October 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

9 MADELY CLOSE Sold Prices

Land registry data shows three sales for 9 MADELY 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 East Lindsey local authority area for the corresponding sale date. All of the three 9 MADELY CLOSE sales were 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
2021 15 OCT	£263,200	£251,466	5% above HPI
2011 8 DEC	£170,000	£164,498	3% above HPI
2002 31 OCT	£134,950	£114,682	18% above HPI

9 MADELY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 9 MADELY CLOSE sales between October 2002 and October 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 December 2011 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 9 MADELY CLOSE?

9 MADELY CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 9 MADELY CLOSE lies on this distribution: 54% of detached houses are smaller than 9 MADELY CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

9 MADELY CLOSE: Plot and Title Map

9 MADELY CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 9 MADELY 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 9 MADELY 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 9 MADELY CLOSE?

9 MADELY CLOSE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 9 on MADELY CLOSE.