ELSDEN, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £345,000

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

ELSDEN is a midsized extended detached house of 147m², built sometime between 1967 and 1975. It was last sold for £345,000 in December 2019, which was around 54% above the average December 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

ELSDEN Sold Prices

Land registry data shows two sales for ELSDEN 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. One of the two ELSDEN sales was for above the average price, whilst the other 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
2019 18 DEC	£345,000	£224,429	54% above HPI
2013 26 APR	£137,500	£175,385	22% below HPI

ELSDEN 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 ELSDEN sales from April 2013 and December 2019 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 April 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2019 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is ELSDEN?

ELSDEN is 147m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 50% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where ELSDEN lies on this distribution: 41% of detached houses are smaller than ELSDEN, and 58% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

ELSDEN: Plot and Title Map

ELSDEN sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of ELSDEN, 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 ELSDEN). 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 ELSDEN?

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