GLEBE FARMHOUSE, CLIFF ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DW - £706,001

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

GLEBE FARMHOUSE is a very large extended detached house of 251m², built sometime before 1900, which could now be worth an estimated £759,378. It was last sold for £706,001 in November 2021, which was around 167% above the average November 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

GLEBE FARMHOUSE Sold Prices

Land registry data shows three sales for GLEBE FARMHOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three GLEBE FARMHOUSE 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
2021 12 NOV	£706,001	£264,892	167% above HPI
2016 31 MAY	£635,000	£196,829	223% above HPI
2007 31 AUG	£530,000	£198,324	167% above HPI

GLEBE FARMHOUSE 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 three GLEBE FARMHOUSE sales between August 2007 and November 2021 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 May 2016 sale was for 223% above the HPI. So the extrapolation line tracks at 223% above the HPI over time, until the November 2021 sale, where it falls to 167% above the HPI. The line then continues to track at 167% above the HPI.

What might GLEBE FARMHOUSE be worth now?

GLEBE FARMHOUSE might now be worth an estimated £759,378.

This is based on house price inflation of 7.6%, between November 2021 and December 2024, 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 7.6% inflationary increase is applied to the most recent sale price for GLEBE FARMHOUSE of £706,001 on 12th November 2021. For the value to have increased from £706,001 to £759,378 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of GLEBE FARMHOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2021 sale price of £706,001 represented a fair market value for the property.
• The size, condition, and specification of GLEBE FARMHOUSE has not materially changed since November 2021.

How Large is GLEBE FARMHOUSE?

GLEBE FARMHOUSE is 251m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spridlington, and where GLEBE FARMHOUSE lies on this distribution: 88% of detached houses houses are smaller than GLEBE FARMHOUSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

GLEBE FARMHOUSE: Plot and Title Map

GLEBE FARMHOUSE sits on a plot of roughly 1.7 acres, or 6,824m². The below map shows the location of GLEBE FARMHOUSE, 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 GLEBE FARMHOUSE). 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 GLEBE FARMHOUSE?

GLEBE FARMHOUSE is located on CLIFF ROAD in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of GLEBE FARMHOUSE on CLIFF ROAD.