THE OLD SCHOOL, COLSTERWORTH ROAD, SKILLINGTON, GRANTHAM, NG33 5HF - £465,000

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

THE OLD SCHOOL is a large extended detached house of 223m², built sometime before 1900. It was last sold for £465,000 in August 2009, which was around 130% above the average August 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2023, where the current energy rating was E, and the potential energy rating was C.

THE OLD SCHOOL Sold Prices

Land registry data shows three sales for THE OLD SCHOOL 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. Two of the three THE OLD SCHOOL sales were for above the average price, whilst one 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
2009 5 AUG	£465,000	£201,921	130% above HPI
2001 17 DEC	£285,000	£122,322	133% above HPI
1997 18 APR	£52,500	£75,512	30% below HPI

THE OLD SCHOOL 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 SCHOOL sales between April 1997 and August 2009 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 2001 sale was for 133% above the HPI. So the extrapolation line tracks at 133% above the HPI over time, until the August 2009 sale, where it falls to 130% above the HPI. The line then continues to track at 130% above the HPI.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 223m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the largest 30% of detached houses in Skillington, based on EPC data. The below chart shows the distribution of detached houses by size in Skillington, and where THE OLD SCHOOL lies on this distribution: 71% of detached houses are smaller than THE OLD SCHOOL, and 29% of houses are larger. Note that EPC data is not available for all properties in Skillington.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.263 of an acre, or 1,065m². 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 COLSTERWORTH ROAD in SKILLINGTON, in the NG33 postcode district. The below map shows the position of THE OLD SCHOOL on COLSTERWORTH ROAD.