OLD CHAPEL, FALDINGWORTH ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DF - £416,000

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.

OLD CHAPEL is a very large extended detached house of 224m², built sometime between 1900 and 1929, which could now be worth an estimated £475,951. It was last sold for £416,000 in March 2021, which was around 63% above the average March 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

OLD CHAPEL Sold Prices

Land registry data shows two sales for OLD CHAPEL 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 OLD CHAPEL 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
2021 19 MAR	£416,000	£254,445	63% above HPI
2018 19 SEP	£375,000	£235,489	59% above HPI

OLD CHAPEL 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 OLD CHAPEL sales from September 2018 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 September 2018 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the March 2021 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might OLD CHAPEL be worth now?

OLD CHAPEL might now be worth an estimated £475,951.

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 OLD CHAPEL of £416,000 on 19th March 2021. For the value to have increased from £416,000 to £475,951 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of OLD CHAPEL has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2021 sale price of £416,000 represented a fair market value for the property.
• The size, condition, and specification of OLD CHAPEL has not materially changed since March 2021.

How Large is OLD CHAPEL?

OLD CHAPEL is 224m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 20% of detached houses houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spridlington, and where OLD CHAPEL lies on this distribution: 81% of detached houses houses are smaller than OLD CHAPEL, and 15% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

OLD CHAPEL: Plot and Title Map

OLD CHAPEL sits on a plot of roughly 0.211 of an acre, or 854m². The below map shows the location of OLD CHAPEL, 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 OLD CHAPEL). 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 OLD CHAPEL?

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