18, WATER LANE, SOUTH WITHAM, GRANTHAM, NG33 5PH - £308,500

18 WATER LANE is a very large detached house of 135m², built sometime between 1967 and 1975. It was last sold for £308,500 in January 2018, which was around 6% above the average January 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

18 WATER LANE Sold Prices

Land registry data shows two sales for 18 WATER LANE 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. One of the two 18 WATER LANE sales was for above the average price, whilst the other 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
2018 23 JAN	£308,500	£290,634	6% above HPI
2015 27 FEB	£185,000	£236,722	22% below HPI

18 WATER LANE 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 18 WATER LANE sales from February 2015 and January 2018 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 February 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2018 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 18 WATER LANE?

18 WATER LANE is 135m² according to the EPC inspection conducted in August 2017. This puts it in the largest 20% of detached houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses by size in South Witham, and where 18 WATER LANE lies on this distribution: 81% of detached houses are smaller than 18 WATER LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in South Witham.

18 WATER LANE: Plot and Title Map

18 WATER LANE sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of 18 WATER LANE, 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 18 WATER LANE). 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 18 WATER LANE?

18 WATER LANE is located in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of No. 18 on WATER LANE.