9, TEAL CLOSE, CAISTOR, MARKET RASEN, LN7 6TD - £116,500

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.

9 TEAL CLOSE is a very small detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £176,068. It was last sold for £116,500 in January 2007, which was around 40% below the average January 2007 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

9 TEAL CLOSE Sold Prices

Land registry data shows two sales for 9 TEAL 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 9 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
2007 12 JAN	£116,500	£192,623	40% below HPI
2001 27 JUL	£65,000	£85,908	24% below HPI

9 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 two 9 TEAL CLOSE sales from July 2001 and January 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 July 2001 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2007 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 9 TEAL CLOSE be worth now?

9 TEAL CLOSE might now be worth an estimated £176,068.

This is based on house price inflation of 51.1%, between January 2007 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.1% inflationary increase is applied to the most recent sale price for 9 TEAL CLOSE of £116,500 on 12th January 2007. For the value to have increased from £116,500 to £176,068 over the seventeen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 9 TEAL CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2007 sale price of £116,500 represented a fair market value for the property.
• The size, condition, and specification of 9 TEAL CLOSE has not materially changed since January 2007.

How Large is 9 TEAL CLOSE?

9 TEAL CLOSE is 69m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% of detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caistor, and where 9 TEAL CLOSE lies on this distribution: 5% of detached houses houses are smaller than 9 TEAL CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Caistor.

9 TEAL CLOSE: Plot and Title Map

9 TEAL CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 9 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 9 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 9 TEAL CLOSE?

9 TEAL CLOSE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 9 on TEAL CLOSE.