PINGLE LODGE, PINGLE LANE, BISHOP NORTON, MARKET RASEN, LN8 2BQ - £400,000

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.

PINGLE LODGE is a midsized extended detached house of 193m², built sometime before 1900, which could now be worth an estimated £423,742. It was last sold for £400,000 in April 2024, which was around 46% above the average April 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

PINGLE LODGE Sold Prices

Land registry data shows two sales for PINGLE LODGE 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. One of the two PINGLE LODGE sales was for above the average price, whilst the other was 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
2024 5 APR	£400,000	£274,803	46% above HPI
2004 18 JUN	£152,500	£167,468	9% below HPI

PINGLE LODGE 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 PINGLE LODGE sales from June 2004 and April 2024 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 June 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2024 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might PINGLE LODGE be worth now?

PINGLE LODGE might now be worth an estimated £423,742.

This is based on house price inflation of 5.9%, between April 2024 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 5.9% inflationary increase is applied to the most recent sale price for PINGLE LODGE of £400,000 on 5th April 2024. For the value to have increased from £400,000 to £423,742 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of PINGLE LODGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The April 2024 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of PINGLE LODGE has not materially changed since April 2024.

How Large is PINGLE LODGE?

PINGLE LODGE is 193m², which includes three extensions, according to the EPC inspection conducted in November 2023. This puts it in the largest 50% of detached houses houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Norton, and where PINGLE LODGE lies on this distribution: 55% of detached houses houses are smaller than PINGLE LODGE, and 45% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

PINGLE LODGE: Plot and Title Map

PINGLE LODGE sits on a plot of roughly 234.5 acres, or 949,045m². The below map shows the location of PINGLE LODGE, 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 PINGLE LODGE). 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 PINGLE LODGE?

PINGLE LODGE is located on PINGLE LANE in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of PINGLE LODGE on PINGLE LANE.