THE FARTHINGS, HIGH STREET, MARTIN, LINCOLN, LN4 3QY - £325,000

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 FARTHINGS is a very small extended detached house of 103m², built sometime between 1976 and 1982. It was last sold for £325,000 in February 2022, which was around 10% above the average February 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

THE FARTHINGS Sold Prices

Land registry data shows three sales for THE FARTHINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three THE FARTHINGS 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 4 FEB	£325,000	£294,972	10% above HPI
2004 27 AUG	£176,000	£171,818	2% above HPI
1998 6 NOV	£70,000	£69,217	1% above HPI

THE FARTHINGS 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 three THE FARTHINGS sales between November 1998 and February 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 August 2004 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is THE FARTHINGS?

THE FARTHINGS is 103m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where THE FARTHINGS lies on this distribution: 19% of detached houses are smaller than THE FARTHINGS, and 80% of houses are larger. Note that EPC data is not available for all properties in Martin.

THE FARTHINGS: Plot and Title Map

THE FARTHINGS sits on a plot of roughly 0.193 of an acre, or 783m². The below map shows the location of THE FARTHINGS, 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 FARTHINGS). 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 FARTHINGS?

THE FARTHINGS is located on HIGH STREET in MARTIN, in the LN4 postcode district. The below map shows the position of THE FARTHINGS on HIGH STREET.