FAILTE, MAIN ROAD, WITHERN, ALFORD, LN13 0LD - £178,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAILTE is a small detached house of 94m², built sometime between 1976 and 1982. It was last sold for £178,000 in February 2016, which was around 5% below the average February 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

FAILTE Sold Prices

Land registry data shows three sales for FAILTE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three FAILTE sales were 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
2016 26 FEB	£178,000	£187,232	5% below HPI
2011 4 JAN	£126,000	£162,116	22% below HPI
1999 5 FEB	£50,000	£64,275	22% below HPI

FAILTE 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 three FAILTE sales between February 1999 and February 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 January 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is FAILTE?

FAILTE is 94m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 40% of detached houses in Withern, based on EPC data. The below chart shows the distribution of detached houses by size in Withern, and where FAILTE lies on this distribution: 32% of detached houses are smaller than FAILTE, and 68% of houses are larger. Note that EPC data is not available for all properties in Withern.

FAILTE: Plot and Title Map

FAILTE sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of FAILTE, 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 FAILTE). 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 FAILTE?

FAILTE is located on MAIN ROAD in WITHERN, in the LN13 postcode district. The below map shows the position of FAILTE on MAIN ROAD.