THE ELMS, LINCOLN ROAD, EAST BARKWITH, MARKET RASEN, LN8 5RW - £340,000

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

THE ELMS is a large detached house of 210m², built sometime between 1983 and 1990. It was last sold for £340,000 in August 2010, which was around 99% above the average August 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was F.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two THE ELMS 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
2010 6 AUG	£340,000	£170,916	99% above HPI
2001 28 AUG	£156,000	£83,628	87% above HPI

THE ELMS 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 two THE ELMS sales from August 2001 and August 2010 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 August 2001 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the August 2010 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

How Large is THE ELMS?

THE ELMS is 210m² according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses in East Barkwith, based on EPC data. The below chart shows the distribution of detached houses by size in East Barkwith, and where THE ELMS lies on this distribution: 80% of detached houses are smaller than THE ELMS, and 20% of houses are larger. Note that EPC data is not available for all properties in East Barkwith.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.290 of an acre, or 1,172m². The below map shows the location of THE ELMS, 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 ELMS). 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 ELMS?

THE ELMS is located on LINCOLN ROAD in EAST BARKWITH, in the LN8 postcode district. The below map shows the position of THE ELMS on LINCOLN ROAD.