THE OLD BLACKSMITHS, BACK LANE, INGOLDSBY, GRANTHAM, NG33 4EW - £260,000

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.

THE OLD BLACKSMITHS is a small extended detached house of 113m², built sometime before 1900, which could now be worth an estimated £370,992. It was last sold for £260,000 in March 2016, which was around 2% above the average March 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2010, where the current energy rating was E, and the potential energy rating was D.

THE OLD BLACKSMITHS Sold Prices

Land registry data shows three sales for THE OLD BLACKSMITHS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the three THE OLD BLACKSMITHS sales was for above the average price, whilst two 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
2016 16 MAR	£260,000	£255,562	2% above HPI
2001 9 NOV	£71,000	£119,508	41% below HPI
1999 8 JAN	£50,000	£86,760	42% below HPI

THE OLD BLACKSMITHS 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 three THE OLD BLACKSMITHS sales between January 1999 and March 2016 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 November 2001 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2016 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might THE OLD BLACKSMITHS be worth now?

THE OLD BLACKSMITHS might now be worth an estimated £370,992.

This is based on house price inflation of 42.7%, between March 2016 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.7% inflationary increase is applied to the most recent sale price for THE OLD BLACKSMITHS of £260,000 on 16th March 2016. For the value to have increased from £260,000 to £370,992 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of THE OLD BLACKSMITHS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD BLACKSMITHS has not materially changed since March 2016.

How Large is THE OLD BLACKSMITHS?

THE OLD BLACKSMITHS is 113m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the smallest 30% of detached houses houses in Ingoldsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldsby, and where THE OLD BLACKSMITHS lies on this distribution: 23% of detached houses houses are smaller than THE OLD BLACKSMITHS, and 78% of houses are larger. Note that EPC data is not available for all properties in Ingoldsby.

THE OLD BLACKSMITHS: Plot and Title Map

THE OLD BLACKSMITHS sits on a plot of roughly 0.143 of an acre, or 577m². The below map shows the location of THE OLD BLACKSMITHS, 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 THE OLD BLACKSMITHS). 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 THE OLD BLACKSMITHS?

THE OLD BLACKSMITHS is located on BACK LANE in INGOLDSBY, in the NG33 postcode district. The below map shows the position of THE OLD BLACKSMITHS on BACK LANE.