MEAD, STOCKS LANE, FALDINGWORTH, MARKET RASEN, LN8 3SH - £245,000

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.

MEAD is a very small extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £280,308. It was last sold for £245,000 in March 2021, which was around 4% below the average March 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

MEAD Sold Prices

Land registry data shows two sales for MEAD 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. Both of the two MEAD 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
2021 18 MAR	£245,000	£254,445	4% below HPI
2011 13 MAY	£163,500	£183,006	11% below HPI

MEAD 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 MEAD sales from May 2011 and March 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 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might MEAD be worth now?

MEAD might now be worth an estimated £280,308.

This is based on house price inflation of 14.4%, between March 2021 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 14.4% inflationary increase is applied to the most recent sale price for MEAD of £245,000 on 18th March 2021. For the value to have increased from £245,000 to £280,308 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of MEAD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of MEAD has not materially changed since March 2021.

How Large is MEAD?

MEAD is 114m², which includes two extensions, according to the EPC inspection conducted in June 2021. 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 MEAD lies on this distribution: 15% of detached houses houses are smaller than MEAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

MEAD: Plot and Title Map

MEAD sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of MEAD, 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 MEAD). 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 MEAD?

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