MERRINGTON, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £310,000

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

MERRINGTON is a midsized extended detached house of 154m², built sometime between 1991 and 1995. It was last sold for £310,000 in July 2017, which was around 42% above the average July 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

MERRINGTON Sold Prices

Land registry data shows three sales for MERRINGTON 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 MERRINGTON 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
2017 7 JUL	£310,000	£217,884	42% above HPI
2004 30 JUL	£245,000	£171,695	43% above HPI
1999 7 APR	£112,000	£63,853	75% above HPI

MERRINGTON 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 MERRINGTON sales between April 1999 and July 2017 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 July 2004 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the July 2017 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is MERRINGTON?

MERRINGTON is 154m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where MERRINGTON lies on this distribution: 49% of detached houses are smaller than MERRINGTON, and 49% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

MERRINGTON: Plot and Title Map

MERRINGTON sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of MERRINGTON, 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 MERRINGTON). 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 MERRINGTON?

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