1, HUTTON WAY, FALDINGWORTH, MARKET RASEN, LN8 3FT - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HUTTON WAY is a very large detached house of 202m², built sometime from 2007 onwards. It was last sold for £240,000 in January 2014, which was around 26% above the average January 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

1 HUTTON WAY Sold Prices

Land registry data shows two sales for 1 HUTTON WAY 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 1 HUTTON WAY 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
2014 9 JAN	£240,000	£190,386	26% above HPI
2007 12 JAN	£285,000	£189,860	50% above HPI

1 HUTTON WAY 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 1 HUTTON WAY sales from January 2007 and January 2014 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 January 2007 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the January 2014 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 1 HUTTON WAY?

1 HUTTON WAY is 202m² according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where 1 HUTTON WAY lies on this distribution: 80% of detached houses are smaller than 1 HUTTON WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

1 HUTTON WAY: Plot and Title Map

1 HUTTON WAY sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 1 HUTTON WAY, 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 1 HUTTON WAY). 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 1 HUTTON WAY?

1 HUTTON WAY is located in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of No. 1 on HUTTON WAY.