GARFIELD, STOCKS LANE, FALDINGWORTH, MARKET RASEN, LN8 3SH - £235,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GARFIELD is a very small extended detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £333,055. It was last sold for £235,000 in August 2016, which was around 14% above the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

GARFIELD Sold Prices

Land registry data shows four sales for GARFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. two of the four GARFIELD sales were for above the average price, and four 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 30 AUG	£235,000	£205,407	14% above HPI
2008 28 APR	£220,000	£193,595	14% above HPI
2002 7 JUN	£70,000	£100,740	31% below HPI
1995 3 MAR	£38,500	£63,232	39% below HPI

GARFIELD 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 four GARFIELD sales between March 1995 and August 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 April 2008 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2016 sale, which was also at 14% above the HPI.

What might GARFIELD be worth now?

GARFIELD might now be worth an estimated £333,055.

This is based on house price inflation of 41.7%, between August 2016 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.7% inflationary increase is applied to the most recent sale price for GARFIELD of £235,000 on 30th August 2016. For the value to have increased from £235,000 to £333,055 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of GARFIELD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of GARFIELD has not materially changed since August 2016.

How Large is GARFIELD?

GARFIELD is 119m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faldingworth, and where GARFIELD lies on this distribution: 17% of detached houses houses are smaller than GARFIELD, and 83% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

GARFIELD: Plot and Title Map

GARFIELD sits on a plot of roughly 0.188 of an acre, or 761m². The below map shows the location of GARFIELD, 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 GARFIELD). 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 GARFIELD?

GARFIELD is located on STOCKS LANE in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of GARFIELD on STOCKS LANE.