THE RIDINGS, FALDINGWORTH ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DF - £308,000

THE RIDINGS is a small extended detached house of 138m², built sometime between 1976 and 1982. It was last sold for £308,000 in October 2020, which was around 32% above the average October 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

THE RIDINGS Sold Prices

Land registry data shows two sales for THE RIDINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two THE RIDINGS 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
2020 23 OCT	£308,000	£233,330	32% above HPI
1999 28 MAY	£89,950	£65,557	37% above HPI

THE RIDINGS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two THE RIDINGS sales from May 1999 and October 2020 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 May 1999 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2020 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is THE RIDINGS?

THE RIDINGS is 138m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses by size in Spridlington, and where THE RIDINGS lies on this distribution: 32% of detached houses are smaller than THE RIDINGS, and 68% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

THE RIDINGS: Plot and Title Map

THE RIDINGS sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of THE RIDINGS, 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 RIDINGS). 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 RIDINGS?

THE RIDINGS is located on FALDINGWORTH ROAD in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of THE RIDINGS on FALDINGWORTH ROAD.