NORTH BANK HOUSE, BACK LANE, COLSTERWORTH, GRANTHAM, NG33 5HU - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NORTH BANK HOUSE is a large detached house of 163m², built sometime between 1976 and 1982. It was last sold for £240,000 in August 2014, which was around 4% above the average August 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

NORTH BANK HOUSE Sold Prices

Land registry data shows two sales for NORTH BANK HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the two NORTH BANK HOUSE sales was for above the average price, whilst the other was 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
2014 14 AUG	£240,000	£231,772	4% above HPI
2000 30 JUN	£77,000	£105,723	27% below HPI

NORTH BANK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two NORTH BANK HOUSE sales from June 2000 and August 2014 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 June 2000 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2014 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is NORTH BANK HOUSE?

NORTH BANK HOUSE is 163m² according to the EPC inspection conducted in March 2014. This puts it in the largest 40% of detached houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Colsterworth, and where NORTH BANK HOUSE lies on this distribution: 67% of detached houses are smaller than NORTH BANK HOUSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

NORTH BANK HOUSE: Plot and Title Map

NORTH BANK HOUSE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of NORTH BANK HOUSE, 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 NORTH BANK HOUSE). 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 NORTH BANK HOUSE?

NORTH BANK HOUSE is located on BACK LANE in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of NORTH BANK HOUSE on BACK LANE.