SPRING HOUSE, SPRING LANE, LEASINGHAM, SLEAFORD, NG34 8JZ - £710,000

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.

SPRING HOUSE is a very large extended detached house of 236m², built sometime between 1967 and 1975, which could now be worth an estimated £701,050. It was last sold for £710,000 in July 2022, which was around 132% above the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

SPRING HOUSE Sold Prices

Land registry data shows two sales for SPRING HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two SPRING HOUSE 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
2022 15 JUL	£710,000	£306,614	132% above HPI
2013 14 JUN	£380,000	£184,423	106% above HPI

SPRING HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two SPRING HOUSE sales from June 2013 and July 2022 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 2013 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the July 2022 sale, where it rises to 132% above the HPI. The line then continues to track at 132% above the HPI.

What might SPRING HOUSE be worth now?

SPRING HOUSE might now be worth an estimated £701,050.

This is based on house price deflation of 1.3%, between July 2022 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for SPRING HOUSE of £710,000 on 15th July 2022. For the value to have decreased from £710,000 to £701,050 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of SPRING HOUSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2022 sale price of £710,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING HOUSE has not materially changed since July 2022.

How Large is SPRING HOUSE?

SPRING HOUSE is 236m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses houses in Leasingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leasingham, and where SPRING HOUSE lies on this distribution: 98% of detached houses houses are smaller than SPRING HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

SPRING HOUSE: Plot and Title Map

SPRING HOUSE sits on a plot of roughly 0.521 of an acre, or 2,108m². The below map shows the location of SPRING HOUSE, 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 SPRING HOUSE). 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 SPRING HOUSE?

SPRING HOUSE is located on SPRING LANE in LEASINGHAM, in the NG34 postcode district. The below map shows the position of SPRING HOUSE on SPRING LANE.