3, GORSE LANE, SILK WILLOUGHBY, SLEAFORD, NG34 8PF - £225,000

3 GORSE LANE is a midsized extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £225,000 in October 2019, which was around 13% below the average October 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was A.

3 GORSE LANE Sold Prices

Land registry data shows three sales for 3 GORSE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 3 GORSE LANE 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
2019 4 OCT	£225,000	£257,655	13% below HPI
1997 30 SEP	£60,000	£65,897	9% below HPI
1996 7 OCT	£56,000	£63,162	11% below HPI

3 GORSE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 3 GORSE LANE sales between October 1996 and October 2019 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 September 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 3 GORSE LANE?

3 GORSE LANE is 98m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% of detached houses in Silk Willoughby, based on EPC data. The below chart shows the distribution of detached houses by size in Silk Willoughby, and where 3 GORSE LANE lies on this distribution: 42% of detached houses are smaller than 3 GORSE LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Silk Willoughby.

3 GORSE LANE: Plot and Title Map

3 GORSE LANE sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 3 GORSE 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 3 GORSE 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 3 GORSE LANE?

3 GORSE LANE is located in SILK WILLOUGHBY, in the NG34 postcode district. The below map shows the position of No. 3 on GORSE LANE.