3, SPRINGFIELDS, TEALBY, MARKET RASEN, LN8 3XP - £449,000

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

3 SPRINGFIELDS is a midsized extended detached house of 159m², built sometime between 1996 and 2002. It was last sold for £449,000 in June 2021, which was around 74% above the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

3 SPRINGFIELDS Sold Prices

Land registry data shows three sales for 3 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 3 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
2021 30 JUN	£449,000	£258,781	74% above HPI
2010 10 NOV	£330,000	£193,281	71% above HPI
2001 29 NOV	£153,000	£89,618	71% above HPI

3 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 3 SPRINGFIELDS sales between November 2001 and June 2021 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 November 2010 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the June 2021 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is 3 SPRINGFIELDS?

3 SPRINGFIELDS is 159m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 50% of detached houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses by size in Tealby, and where 3 SPRINGFIELDS lies on this distribution: 58% of detached houses are smaller than 3 SPRINGFIELDS, and 42% of houses are larger. Note that EPC data is not available for all properties in Tealby.

3 SPRINGFIELDS: Plot and Title Map

3 SPRINGFIELDS sits on a plot of roughly 0.174 of an acre, or 706m². The below map shows the location of 3 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 3 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 3 SPRINGFIELDS?

3 SPRINGFIELDS is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 3 on SPRINGFIELDS.