MELFORD, WELL STREET, BISHOP NORTON, MARKET RASEN, LN8 2AZ - £210,000

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.

MELFORD is a small extended detached house of 166m², built sometime before 1900, which could now be worth an estimated £306,328. It was last sold for £210,000 in June 2016, which was around 5% above the average June 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was B.

MELFORD Sold Prices

Land registry data shows two sales for MELFORD 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 MELFORD 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
2016 3 JUN	£210,000	£199,570	5% above HPI
1997 19 JUN	£76,000	£66,134	15% above HPI

MELFORD 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 MELFORD sales from June 1997 and June 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 June 1997 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might MELFORD be worth now?

MELFORD might now be worth an estimated £306,328.

This is based on house price inflation of 45.9%, between June 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 45.9% inflationary increase is applied to the most recent sale price for MELFORD of £210,000 on 3rd June 2016. For the value to have increased from £210,000 to £306,328 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of MELFORD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2016 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of MELFORD has not materially changed since June 2016.

How Large is MELFORD?

MELFORD is 166m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% of detached houses houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Norton, and where MELFORD lies on this distribution: 39% of detached houses houses are smaller than MELFORD, and 61% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

MELFORD: Plot and Title Map

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

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