5, SPRINGFIELDS, TEALBY, MARKET RASEN, LN8 3XP - £273,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 SPRINGFIELDS is a large detached house of 167m², built sometime between 2003 and 2006, which could now be worth an estimated £417,759. It was last sold for £273,000 in April 2014, which was around 47% above the average April 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

5 SPRINGFIELDS Sold Prices

Land registry data shows four sales for 5 SPRINGFIELDS 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 5 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
2014 2 APR	£273,000	£186,191	47% above HPI
2006 18 JAN	£287,500	£182,663	57% above HPI
2004 30 JUN	£250,000	£167,468	49% above HPI
2000 21 JUL	£150,000	£74,050	103% above HPI

5 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 four 5 SPRINGFIELDS sales between July 2000 and April 2014 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 January 2006 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the April 2014 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 5 SPRINGFIELDS be worth now?

5 SPRINGFIELDS might now be worth an estimated £417,759.

This is based on house price inflation of 53%, between April 2014 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53% inflationary increase is applied to the most recent sale price for 5 SPRINGFIELDS of £273,000 on 2nd April 2014. For the value to have increased from £273,000 to £417,759 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of 5 SPRINGFIELDS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The April 2014 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGFIELDS has not materially changed since April 2014.

How Large is 5 SPRINGFIELDS?

5 SPRINGFIELDS is 167m² according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tealby, and where 5 SPRINGFIELDS lies on this distribution: 60% of detached houses houses are smaller than 5 SPRINGFIELDS, and 40% of houses are larger. Note that EPC data is not available for all properties in Tealby.

5 SPRINGFIELDS: Plot and Title Map

5 SPRINGFIELDS sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of 5 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 5 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 5 SPRINGFIELDS?

5 SPRINGFIELDS is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 5 on SPRINGFIELDS.