PANTILES, FALDINGWORTH ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DF - £410,000

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.

PANTILES is a very small detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £550,196. It was last sold for £410,000 in October 2017, which was around 89% above the average October 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

PANTILES Sold Prices

Land registry data shows two sales for PANTILES 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 PANTILES 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 12 OCT	£410,000	£216,935	89% above HPI
2007 25 OCT	£218,000	£204,020	7% above HPI

PANTILES 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 PANTILES sales from October 2007 and October 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 October 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2017 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might PANTILES be worth now?

PANTILES might now be worth an estimated £550,196.

This is based on house price inflation of 34.2%, between October 2017 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 34.2% inflationary increase is applied to the most recent sale price for PANTILES of £410,000 on 12th October 2017. For the value to have increased from £410,000 to £550,196 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of PANTILES has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2017 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of PANTILES has not materially changed since October 2017.

How Large is PANTILES?

PANTILES is 116m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 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 PANTILES lies on this distribution: 15% of detached houses houses are smaller than PANTILES, and 85% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

PANTILES: Plot and Title Map

PANTILES sits on a plot of roughly 2.4 acres, or 9,838m². The below map shows the location of PANTILES, 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 PANTILES). 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 PANTILES?

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