THE CEDARS, BUSLINGTHORPE ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SB - £305,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE CEDARS is a small detached house of 131m², built sometime between 1967 and 1975. It was last sold for £305,000 in April 2019, which was around 36% above the average April 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

THE CEDARS Sold Prices

Land registry data shows two sales for THE CEDARS 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 THE CEDARS 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
2019 4 APR	£305,000	£224,278	36% above HPI
2005 12 SEP	£229,950	£179,860	28% above HPI

THE CEDARS 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 THE CEDARS sales from September 2005 and April 2019 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 2005 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the April 2019 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is THE CEDARS?

THE CEDARS is 131m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 30% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where THE CEDARS lies on this distribution: 27% of detached houses are smaller than THE CEDARS, and 70% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.304 of an acre, or 1,232m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on BUSLINGTHORPE ROAD in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of THE CEDARS on BUSLINGTHORPE ROAD.