8, KINGSWAY, TEALBY, MARKET RASEN, LN8 3YA - £395,000

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

8 KINGSWAY is a very small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £395,000 in April 2022, which was around 46% above the average April 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

8 KINGSWAY Sold Prices

Land registry data shows four sales for 8 KINGSWAY 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. Two of the four 8 KINGSWAY sales were for above the average price, whilst one was 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
2022 21 APR	£395,000	£271,455	46% above HPI
2019 23 AUG	£275,000	£221,167	24% above HPI
2017 7 AUG	£220,000	£219,434	Close to HPI
1997 2 APR	£65,000	£65,543	1% below HPI

8 KINGSWAY 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 8 KINGSWAY sales between April 1997 and April 2022 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 August 2019 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the April 2022 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 8 KINGSWAY?

8 KINGSWAY is 86m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses by size in Tealby, and where 8 KINGSWAY lies on this distribution: 6% of detached houses are smaller than 8 KINGSWAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Tealby.

8 KINGSWAY: Plot and Title Map

8 KINGSWAY sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 8 KINGSWAY, 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 8 KINGSWAY). 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 8 KINGSWAY?

8 KINGSWAY is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 8 on KINGSWAY.