HOMEDALE, WELL STREET, BISHOP NORTON, MARKET RASEN, LN8 2AZ - £450,000

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

HOMEDALE is a midsized extended detached house of 179m², built sometime before 1900. It was last sold for £450,000 in March 2022, which was around 65% above the average March 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

HOMEDALE Sold Prices

Land registry data shows three sales for HOMEDALE 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 HOMEDALE 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
2022 4 MAR	£450,000	£273,442	65% above HPI
2015 26 JUN	£325,000	£188,193	73% above HPI
2011 28 FEB	£250,000	£175,116	43% above HPI

HOMEDALE 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 HOMEDALE sales between February 2011 and March 2022 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 June 2015 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the March 2022 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is HOMEDALE?

HOMEDALE is 179m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Bishop Norton, and where HOMEDALE lies on this distribution: 48% of detached houses are smaller than HOMEDALE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

HOMEDALE: Plot and Title Map

HOMEDALE sits on a plot of roughly 234.5 acres, or 949,045m². The below map shows the location of HOMEDALE, 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 HOMEDALE). 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 HOMEDALE?

HOMEDALE is located on WELL STREET in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of HOMEDALE on WELL STREET.