THE OLD SCHOOL, CAISTOR ROAD, SOUTH KELSEY, MARKET RASEN, LN7 6PR - £225,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE OLD SCHOOL is a midsized extended semi-detached house of 128m², built sometime before 1900. It was last sold for £225,000 in January 2021, which was around 7% below the average January 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was D.

THE OLD SCHOOL Sold Prices

Land registry data shows two sales for THE OLD SCHOOL 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 THE OLD SCHOOL 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 7 JAN	£225,000	£241,839	7% below HPI
2002 10 MAY	£46,500	£97,620	52% below HPI

THE OLD SCHOOL 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 THE OLD SCHOOL sales from May 2002 and January 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 May 2002 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the January 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 128m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 50% of detached houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in South Kelsey, and where THE OLD SCHOOL lies on this distribution: 42% of detached houses are smaller than THE OLD SCHOOL, and 58% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of THE OLD SCHOOL, 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 SCHOOL). 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 SCHOOL?

THE OLD SCHOOL is located on CAISTOR ROAD in SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of THE OLD SCHOOL on CAISTOR ROAD.