ORCHARD VIEW, MAGNA MILE, LUDFORD, MARKET RASEN, LN8 6AJ - £222,500

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

ORCHARD VIEW is a midsized detached house of 112m², built sometime between 1983 and 1990. It was last sold for £222,500 in February 2023, which was around 22% below the average February 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was C.

ORCHARD VIEW Sold Prices

Land registry data shows six sales for ORCHARD VIEW since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the six ORCHARD VIEW 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
2023 20 FEB	£222,500	£283,795	22% below HPI
2021 17 SEP	£210,000	£245,698	15% below HPI
2010 17 JUN	£135,000	£169,958	21% below HPI
2000 21 SEP	£72,000	£75,578	5% below HPI
2000 11 FEB	£69,000	£73,393	6% below HPI
1998 30 JUN	£63,750	£62,599	2% above HPI

ORCHARD VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The six ORCHARD VIEW sales between June 1998 and February 2023 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 2021 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is ORCHARD VIEW?

ORCHARD VIEW is 112m² according to the EPC inspection conducted in November 2019. This puts it in the largest 50% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where ORCHARD VIEW lies on this distribution: 57% of detached houses are smaller than ORCHARD VIEW, and 43% of houses are larger. Note that EPC data is not available for all properties in Ludford.

ORCHARD VIEW: Plot and Title Map

ORCHARD VIEW sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of ORCHARD VIEW, 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 ORCHARD VIEW). 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 ORCHARD VIEW?

ORCHARD VIEW is located on MAGNA MILE in LUDFORD, in the LN8 postcode district. The below map shows the position of ORCHARD VIEW on MAGNA MILE.