4, SPRINGFIELDS, TEALBY, MARKET RASEN, LN8 3XP - £495,000

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

4 SPRINGFIELDS is a large extended detached house of 181m², built sometime between 1996 and 2002. It was last sold for £495,000 in January 2023, which was around 72% above the average January 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

4 SPRINGFIELDS Sold Prices

Land registry data shows two sales for 4 SPRINGFIELDS 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 4 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
2023 23 JAN	£495,000	£287,875	72% above HPI
1999 5 NOV	£140,000	£73,324	91% above HPI

4 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 two 4 SPRINGFIELDS sales from November 1999 and January 2023 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 1999 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the January 2023 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 4 SPRINGFIELDS?

4 SPRINGFIELDS is 181m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 30% of detached houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses by size in Tealby, and where 4 SPRINGFIELDS lies on this distribution: 70% of detached houses are smaller than 4 SPRINGFIELDS, and 28% of houses are larger. Note that EPC data is not available for all properties in Tealby.

4 SPRINGFIELDS: Plot and Title Map

4 SPRINGFIELDS sits on a plot of roughly 0.202 of an acre, or 816m². The below map shows the location of 4 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 4 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 4 SPRINGFIELDS?

4 SPRINGFIELDS is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 4 on SPRINGFIELDS.