BIRNAM, OWMBY ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DD - £525,000

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

BIRNAM is a large detached house of 186m², built sometime between 2003 and 2006. It was last sold for £525,000 in February 2022, which was around 92% above the average February 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was D.

BIRNAM Sold Prices

Land registry data shows two sales for BIRNAM 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 BIRNAM 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
2022 21 FEB	£525,000	£273,756	92% above HPI
2008 4 JAN	£330,000	£198,231	66% above HPI

BIRNAM 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 BIRNAM sales from January 2008 and February 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 January 2008 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the February 2022 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

How Large is BIRNAM?

BIRNAM is 186m² according to the EPC inspection conducted in September 2021. This puts it in the largest 40% of detached houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses by size in Spridlington, and where BIRNAM lies on this distribution: 69% of detached houses are smaller than BIRNAM, and 31% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

BIRNAM: Plot and Title Map

BIRNAM sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of BIRNAM, 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 BIRNAM). 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 BIRNAM?

BIRNAM is located on OWMBY ROAD in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of BIRNAM on OWMBY ROAD.