CHERRILYN, KILN HILL, LUDFORD, MARKET RASEN, LN8 6AE - £325,000

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

CHERRILYN is a very large extended detached house of 189m², built sometime between 1950 and 1966. It was last sold for £325,000 in May 2016, which was around 69% above the average May 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was D.

CHERRILYN Sold Prices

Land registry data shows two sales for CHERRILYN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two CHERRILYN 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 6 MAY	£325,000	£191,921	69% above HPI
2007 30 AUG	£350,000	£192,296	82% above HPI

CHERRILYN Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two CHERRILYN sales from August 2007 and May 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 August 2007 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the May 2016 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is CHERRILYN?

CHERRILYN is 189m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where CHERRILYN lies on this distribution: 96% of detached houses are smaller than CHERRILYN, and 4% of houses are larger. Note that EPC data is not available for all properties in Ludford.

CHERRILYN: Plot and Title Map

CHERRILYN sits on a plot of roughly 1.3 acres, or 5,266m². The below map shows the location of CHERRILYN, 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 CHERRILYN). 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 CHERRILYN?

CHERRILYN is located on KILN HILL in LUDFORD, in the LN8 postcode district. The below map shows the position of CHERRILYN on KILN HILL.