12, TEAL CLOSE, CAISTOR, MARKET RASEN, LN7 6TD - £102,000

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.

12 TEAL CLOSE is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £171,541. It was last sold for £102,000 in April 2011, which was around 8% below the average April 2011 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

12 TEAL CLOSE Sold Prices

Land registry data shows five sales for 12 TEAL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the five 12 TEAL CLOSE 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
2011 15 APR	£102,000	£110,341	8% below HPI
2007 14 NOV	£107,950	£132,529	19% below HPI
2004 16 JUL	£89,950	£109,976	18% below HPI
2002 1 MAR	£39,950	£59,250	33% below HPI
1999 30 JUN	£37,500	£40,312	7% below HPI

12 TEAL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The five 12 TEAL CLOSE sales between June 1999 and April 2011 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 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2011 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 TEAL CLOSE be worth now?

12 TEAL CLOSE might now be worth an estimated £171,541.

This is based on house price inflation of 68.2%, between April 2011 and April 2026, for semi-detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.2% inflationary increase is applied to the most recent sale price for 12 TEAL CLOSE of £102,000 on 15th April 2011. For the value to have increased from £102,000 to £171,541 over the fifteen years to April 2026, the following assumptions must hold true:

• The value of 12 TEAL CLOSE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The April 2011 sale price of £102,000 represented a fair market value for the property.
• The size, condition, and specification of 12 TEAL CLOSE has not materially changed since April 2011.

How Large is 12 TEAL CLOSE?

12 TEAL CLOSE is 65m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of semi-detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Caistor, and where 12 TEAL CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 12 TEAL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Caistor.

12 TEAL CLOSE: Plot and Title Map

12 TEAL CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 12 TEAL CLOSE, 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 12 TEAL CLOSE). 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 12 TEAL CLOSE?

12 TEAL CLOSE is located in CAISTOR, in the LN7 postcode district. The below map shows the position of No. 12 on TEAL CLOSE.