2, PADDOCK CHASE, GLENTHAM, MARKET RASEN, LN8 2FB - £175,000

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

2 PADDOCK CHASE is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £175,000 in September 2020, which was around 25% below the average September 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

2 PADDOCK CHASE Sold Prices

Land registry data shows four sales for 2 PADDOCK CHASE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 2 PADDOCK CHASE 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
2020 10 SEP	£175,000	£232,630	25% below HPI
2010 9 JUL	£145,000	£188,331	23% below HPI
2007 5 JAN	£150,000	£189,860	21% below HPI
2002 8 MAR	£74,950	£98,976	24% below HPI

2 PADDOCK CHASE 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 four 2 PADDOCK CHASE sales between March 2002 and September 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 July 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 PADDOCK CHASE?

2 PADDOCK CHASE is 69m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Glentham, based on EPC data. The below chart shows the distribution of detached houses by size in Glentham, and where 2 PADDOCK CHASE lies on this distribution: 6% of detached houses are smaller than 2 PADDOCK CHASE, and 94% of houses are larger. Note that EPC data is not available for all properties in Glentham.

2 PADDOCK CHASE: Plot and Title Map

2 PADDOCK CHASE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 PADDOCK CHASE, 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 2 PADDOCK CHASE). 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 2 PADDOCK CHASE?

2 PADDOCK CHASE is located in GLENTHAM, in the LN8 postcode district. The below map shows the position of No. 2 on PADDOCK CHASE.