OLD RECTORY, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OLD RECTORY is a very large extended detached house of 275m², built sometime before 1900, which could now be worth an estimated £538,133. It was last sold for £345,000 in January 2006, which was around 89% above the average January 2006 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was E.

OLD RECTORY Sold Prices

Land registry data shows three sales for OLD RECTORY 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 OLD RECTORY 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
2006 27 JAN	£345,000	£182,663	89% above HPI
2004 5 NOV	£310,000	£174,459	78% above HPI
1996 30 SEP	£110,000	£63,402	73% above HPI

OLD RECTORY 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 OLD RECTORY sales between September 1996 and January 2006 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 November 2004 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the January 2006 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might OLD RECTORY be worth now?

OLD RECTORY might now be worth an estimated £538,133.

This is based on house price inflation of 56%, between January 2006 and December 2024, 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 56% inflationary increase is applied to the most recent sale price for OLD RECTORY of £345,000 on 27th January 2006. For the value to have increased from £345,000 to £538,133 over the seventeen years and one month to December 2024, the following assumptions must hold true:

• The value of OLD RECTORY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2006 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of OLD RECTORY has not materially changed since January 2006.

How Large is OLD RECTORY?

OLD RECTORY is 275m², which includes three extensions, according to the EPC inspection conducted in May 2011. This puts it in the largest 10% 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 OLD RECTORY lies on this distribution: 98% of detached houses houses are smaller than OLD RECTORY, and 2% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

OLD RECTORY: Plot and Title Map

OLD RECTORY sits on a plot of roughly 0.399 of an acre, or 1,616m². The below map shows the location of OLD RECTORY, 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 RECTORY). 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 RECTORY?

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