5, CHAPEL MEAD, NORTH KELSEY, MARKET RASEN, LN7 6BL - £515,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 CHAPEL MEAD is a very large detached house of 241m², built in 2021. It was last sold for £515,000 in September 2023, which was around 83% above the average September 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

5 CHAPEL MEAD Sold Prices

Land registry data shows two sales for 5 CHAPEL MEAD 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 5 CHAPEL MEAD 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 1 SEP	£515,000	£280,927	83% above HPI
2021 2 FEB	£482,500	£247,515	95% above HPI

5 CHAPEL MEAD 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 5 CHAPEL MEAD sales from February 2021 and September 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 February 2021 sale was for 95% above the HPI. So the extrapolation line tracks at 95% above the HPI over time, until the September 2023 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is 5 CHAPEL MEAD?

5 CHAPEL MEAD is 241m² according to the EPC inspection conducted in May 2021. This puts it in the largest 10% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where 5 CHAPEL MEAD lies on this distribution: 93% of detached houses are smaller than 5 CHAPEL MEAD, and 7% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

5 CHAPEL MEAD: Plot and Title Map

5 CHAPEL MEAD sits on a plot of roughly 0.300 of an acre, or 1,213m². The below map shows the location of 5 CHAPEL MEAD, 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 5 CHAPEL MEAD). 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 5 CHAPEL MEAD?

5 CHAPEL MEAD is located in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 5 on CHAPEL MEAD.