14, SPRINGFIELDS, TEALBY, MARKET RASEN, LN8 3XP - £360,000

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

14 SPRINGFIELDS is a large detached house of 170m², built sometime between 2003 and 2006. It was last sold for £360,000 in September 2015, which was around 81% above the average September 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

14 SPRINGFIELDS Sold Prices

Land registry data shows three sales for 14 SPRINGFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 14 SPRINGFIELDS 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
2015 15 SEP	£360,000	£198,433	81% above HPI
2006 31 MAY	£325,000	£175,413	85% above HPI
2004 27 MAY	£293,000	£155,842	88% above HPI

14 SPRINGFIELDS 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 three 14 SPRINGFIELDS sales between May 2004 and September 2015 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 2006 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the September 2015 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 14 SPRINGFIELDS?

14 SPRINGFIELDS is 170m² according to the EPC inspection conducted in May 2015. This puts it in the largest 40% of detached houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses by size in Tealby, and where 14 SPRINGFIELDS lies on this distribution: 64% of detached houses are smaller than 14 SPRINGFIELDS, and 36% of houses are larger. Note that EPC data is not available for all properties in Tealby.

14 SPRINGFIELDS: Plot and Title Map

14 SPRINGFIELDS sits on a plot of roughly 0.284 of an acre, or 1,151m². The below map shows the location of 14 SPRINGFIELDS, 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 14 SPRINGFIELDS). 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 14 SPRINGFIELDS?

14 SPRINGFIELDS is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 14 on SPRINGFIELDS.