9, THE SMOOTING, TEALBY, MARKET RASEN, LN8 3XZ - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 THE SMOOTING is a very small extended detached house of 110m², built sometime before 1900, which could now be worth an estimated £363,084. It was last sold for £260,000 in November 2016, which was around 25% above the average November 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

9 THE SMOOTING Sold Prices

Land registry data shows two sales for 9 THE SMOOTING 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 9 THE SMOOTING 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
2016 21 NOV	£260,000	£208,463	25% above HPI
2002 2 JUL	£145,000	£104,887	38% above HPI

9 THE SMOOTING 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 9 THE SMOOTING sales from July 2002 and November 2016 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 July 2002 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the November 2016 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 9 THE SMOOTING be worth now?

9 THE SMOOTING might now be worth an estimated £363,084.

This is based on house price inflation of 39.6%, between November 2016 and February 2025, 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 39.6% inflationary increase is applied to the most recent sale price for 9 THE SMOOTING of £260,000 on 21st November 2016. For the value to have increased from £260,000 to £363,084 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 THE SMOOTING has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE SMOOTING has not materially changed since November 2016.

How Large is 9 THE SMOOTING?

9 THE SMOOTING is 110m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% 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 9 THE SMOOTING lies on this distribution: 20% of detached houses houses are smaller than 9 THE SMOOTING, and 80% of houses are larger. Note that EPC data is not available for all properties in Tealby.

9 THE SMOOTING: Plot and Title Map

9 THE SMOOTING sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 9 THE SMOOTING, 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 9 THE SMOOTING). 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 9 THE SMOOTING?

9 THE SMOOTING is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 9 on THE SMOOTING.