BRIARGATE, OWMBY ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DD - £465,000

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

BRIARGATE is a midsized extended detached house of 153m², built sometime between 1996 and 2002. It was last sold for £465,000 in March 2021, which was around 85% above the average March 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

BRIARGATE Sold Prices

Land registry data shows three sales for BRIARGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three BRIARGATE 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
2021 12 MAR	£465,000	£250,795	85% above HPI
2004 23 JUL	£249,000	£171,695	45% above HPI
1995 12 MAY	£114,000	£60,611	88% above HPI

BRIARGATE 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 three BRIARGATE sales between May 1995 and March 2021 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 2004 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the March 2021 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

How Large is BRIARGATE?

BRIARGATE is 153m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 50% of detached houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses by size in Spridlington, and where BRIARGATE lies on this distribution: 50% of detached houses are smaller than BRIARGATE, and 50% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

BRIARGATE: Plot and Title Map

BRIARGATE sits on a plot of roughly 0.182 of an acre, or 735m². The below map shows the location of BRIARGATE, 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 BRIARGATE). 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 BRIARGATE?

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