IRIE, BUSLINGTHORPE ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SB - £173,000

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

IRIE is a very large detached house of 261m², built sometime from 2012 onwards. It was last sold for £173,000 in August 2016, which was around 15% below the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was C.

IRIE Sold Prices

Land registry data shows three sales for IRIE 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 IRIE 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 5 AUG	£173,000	£202,460	15% below HPI
2003 12 DEC	£148,000	£150,273	2% below HPI
1997 31 OCT	£45,000	£69,618	35% below HPI

IRIE 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 IRIE sales between October 1997 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 December 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is IRIE?

IRIE is 261m² according to the EPC inspection conducted in March 2021. This puts it in the largest 10% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where IRIE lies on this distribution: 94% of detached houses are smaller than IRIE, and 6% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

IRIE: Plot and Title Map

IRIE sits on a plot of roughly 0.271 of an acre, or 1,097m². The below map shows the location of IRIE, 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 IRIE). 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 IRIE?

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