THE ORCHARDS, SCHOOL LANE, COLSTERWORTH, GRANTHAM, NG33 5NW - £600,000

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 ORCHARDS is a very large extended detached house of 221m², built sometime between 1983 and 1990, which could now be worth an estimated £676,999. It was last sold for £600,000 in June 2021, which was around 86% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

THE ORCHARDS Sold Prices

Land registry data shows two sales for THE ORCHARDS 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. Both of the two THE ORCHARDS sales were for above 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 30 JUN	£600,000	£323,184	86% above HPI
2008 26 MAR	£385,000	£232,115	66% above HPI

THE ORCHARDS 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 THE ORCHARDS sales from March 2008 and June 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 March 2008 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the June 2021 sale, where it rises to 86% above the HPI. The line then continues to track at 86% above the HPI.

What might THE ORCHARDS be worth now?

THE ORCHARDS might now be worth an estimated £676,999.

This is based on house price inflation of 12.8%, between June 2021 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 12.8% inflationary increase is applied to the most recent sale price for THE ORCHARDS of £600,000 on 30th June 2021. For the value to have increased from £600,000 to £676,999 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of THE ORCHARDS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2021 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of THE ORCHARDS has not materially changed since June 2021.

How Large is THE ORCHARDS?

THE ORCHARDS is 221m², which includes three extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colsterworth, and where THE ORCHARDS lies on this distribution: 87% of detached houses houses are smaller than THE ORCHARDS, and 13% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

THE ORCHARDS: Plot and Title Map

THE ORCHARDS sits on a plot of roughly 0.843 of an acre, or 3,412m². The below map shows the location of THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

THE ORCHARDS is located on SCHOOL LANE in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of THE ORCHARDS on SCHOOL LANE.