FAIRWAYS, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £201,500

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

FAIRWAYS is a midsized extended detached house of 148m², built sometime between 1967 and 1975. It was last sold for £201,500 in December 2016, which was around 2% below the average December 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS sales was for below the average price, whilst the other was 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 13 DEC	£201,500	£206,444	2% below HPI
2003 5 SEP	£205,000	£144,424	42% above HPI

FAIRWAYS 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 FAIRWAYS sales from September 2003 and December 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 September 2003 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the December 2016 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 148m², which includes one extension, according to the EPC inspection conducted in August 2014. 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 FAIRWAYS lies on this distribution: 43% of detached houses are smaller than FAIRWAYS, and 57% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.243 of an acre, or 981m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

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