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Horncastle House Prices Horncastle House Prices

The average house price in Horncastle is £248,437 using HM Land Registry data.

The average property price increased by £49,428 (26.15%) over the last 5 years and increased by £9,879 (4.32%) over the last 12 months.

Over the last year, there were 131 residential property sales – a decrease of 72 transactions (-54.96%) relative to the previous year. The majority of house sales (34) were in the £164,000 - £218,000 range. Then came properties in the £110,000 - £164,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,215 (-2%).

In April 2024, there were 21 new estate agency instructions, 17 agreed home sales and 11 property price reductions.

Postcodes Covered: LN9

5-Year Average Property Prices in Horncastle

26.15%

Property prices in Horncastle increased by 26.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Horncastle Over the Last Year

4.32%

Property prices in Horncastle increased by 4.32% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Horncastle - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Horncastle

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Horncastle

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Horncastle

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Horncastle since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Horncastle area since 1995.

Recent Property Sales in Horncastle

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Langton Close, Horncastle, Lincolnshire, LN9 5BE£350,000£350,000£0015 Sep 202321 Feb 2024159 Days
17 Saxon Way, Horncastle, Lincolnshire, LN9 6PR£170,000£160,000-£10,00012 Sep 202319 Feb 2024160 Days
12 Spilsby Road, Horncastle, Lincolnshire, LN9 6AL£260,000£250,000-£10,00007 Nov 202316 Feb 2024101 Days
62 Mark Avenue, Horncastle, Lincolnshire, LN9 5BD£250,000£250,000£0015 Sep 202308 Feb 2024146 Days
18 Mill Lane, Horncastle, Lincolnshire, LN9 5DS£95,000£91,500-£3,50002 Oct 202306 Feb 2024127 Days
6 Stanhope Road, Horncastle, Lincolnshire, LN9 5DG£495,000£490,000-£5,00028 Oct 202324 Jan 202488 Days
2 Hemingby Way, Horncastle, Lincolnshire, LN9 5EU£265,000£262,000-£3,00006 Jul 202316 Jan 2024194 Days
Bargates, The Gardens, Horncastle, Lincolnshire, LN9 6BQ£350,000£350,000£0015 Jun 202308 Jan 2024207 Days
18 Roman Way, Horncastle, Lincolnshire, LN9 6PL£200,000£180,000-£20,00003 Jul 202304 Jan 2024185 Days
11 Winceby Gardens, Horncastle, Lincolnshire, LN9 6PJ£220,000£200,000-£20,00011 Sep 202319 Dec 202399 Days
Larkrise, Elmhirst Road, Horncastle, Lincolnshire, LN9 5AT£340,000£325,000-£15,00026 Nov 202215 Dec 2023384 Days
58 Foundry Street, Horncastle, Lincolnshire, LN9 6AB£130,000£122,500-£7,50013 Apr 202308 Dec 2023239 Days
62 Boston Road, Horncastle, Lincolnshire, LN9 6EL£260,000£250,000-£10,00016 Jun 202307 Dec 2023174 Days
32 Wesley Way, Horncastle, Lincolnshire, LN9 6RY£320,000£310,000-£10,00009 Aug 202304 Dec 2023117 Days
67 Banovallum Gardens, Horncastle, Lincolnshire, LN9 6RF£220,000£220,000£0027 Aug 202304 Dec 202399 Days
8 Accommodation Road, Horncastle, Lincolnshire, LN9 5AS£110,000£105,000-£5,00022 Jun 202301 Dec 2023162 Days
2 Bowl Alley Lane, Horncastle, Lincolnshire, LN9 5EQ£190,000£150,000-£40,00017 Aug 202323 Nov 202398 Days
4 Wesley Way, Horncastle, Lincolnshire, LN9 6RY£215,000£210,000-£5,00001 Jun 202320 Nov 2023172 Days
78 Foundry Street, Horncastle, Lincolnshire, LN9 6AB£115,000£102,000-£13,00013 Jul 202317 Nov 2023127 Days
7 John Brown Close, Horncastle, Lincolnshire, LN9 5GD£189,950£182,500-£7,45020 Jun 202310 Nov 2023143 Days

Most Expensive Streets in Horncastle

PostcodeStreetAreaAverageNo. of Sales
LN9 5UBBilly English WayHorncastle£440,4699
LN9 5BELangton CloseHorncastle£379,1663
LN9 5FFBlackthorn LaneHorncastle£375,5995
LN9 5ENLouth RoadHorncastle£371,5628
LN9 5DLMarys CloseHorncastle£333,3333
LN9 5DGStanhope RoadHorncastle£324,5426
LN9 5SRGranary WayHorncastle£324,3754
LN9 5SUMillstone CloseHorncastle£313,3333
LN9 5AHLangton HillHorncastle£312,5008
LN9 6QXMaltby WayHorncastle£312,5004

Least Expensive Streets in Horncastle

PostcodeStreetAreaAverageNo. of Sales
LN9 5DXNorth StreetHorncastle£83,6505
LN9 6AEParadise PlaceHorncastle£87,8004
LN9 5DNSt Lawrence StreetHorncastle£96,0003
LN9 5DSMill LaneHorncastle£100,1188
LN9 6ADParadise RowHorncastle£100,2005
LN9 5DWOld Bain CourtConging Street, Horncastle£103,0004
LN9 6AFFoundry StreetHorncastle£110,6005
LN9 6ABFoundry StreetHorncastle£112,45313
LN9 6BYCollege CloseHorncastle£115,54011
LN9 6AGFoundry StreetHorncastle£118,9378

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