18, SPRING LANE, FOLKINGHAM, SLEAFORD, NG34 0SJ - £290,000

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

18 SPRING LANE is a very large detached house of 162m², built sometime from 2007 onwards. It was last sold for £290,000 in August 2011, which was around 30% above the average August 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2008, where the current energy rating was C, and the potential energy rating was C.

18 SPRING LANE Sold Prices

Land registry data shows four sales for 18 SPRING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Most of the four 18 SPRING 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
2011 12 AUG	£290,000	£223,136	30% above HPI
2007 30 MAR	£157,556	£233,679	33% below HPI
2004 1 DEC	£153,000	£217,109	30% below HPI
2004 27 MAY	£123,950	£190,354	35% below HPI

18 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four 18 SPRING LANE sales between May 2004 and August 2011 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 March 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2011 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 18 SPRING LANE?

18 SPRING LANE is 162m² according to the EPC inspection conducted in September 2008. This puts it in the largest 20% of detached houses in Folkingham, based on EPC data. The below chart shows the distribution of detached houses by size in Folkingham, and where 18 SPRING LANE lies on this distribution: 85% of detached houses are smaller than 18 SPRING LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Folkingham.

18 SPRING LANE: Plot and Title Map

18 SPRING LANE sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of 18 SPRING 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 18 SPRING 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 18 SPRING LANE?

18 SPRING LANE is located in FOLKINGHAM, in the NG34 postcode district. The below map shows the position of No. 18 on SPRING LANE.