THE FUCHIAS, MAGNA MILE, LUDFORD, MARKET RASEN, LN8 6AH - £385,000

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 FUCHIAS is a very large extended detached house of 154m², built sometime between 1930 and 1949. It was last sold for £385,000 in September 2021, which was around 57% above the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

THE FUCHIAS Sold Prices

Land registry data shows three sales for THE FUCHIAS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three THE FUCHIAS sales were for above the average price, whilst one 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
2021 30 SEP	£385,000	£245,698	57% above HPI
2019 31 OCT	£275,000	£224,931	22% above HPI
2016 15 JUL	£150,000	£189,070	21% below HPI

THE FUCHIAS 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 three THE FUCHIAS sales between July 2016 and September 2021 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 October 2019 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2021 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is THE FUCHIAS?

THE FUCHIAS is 154m², which includes three extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where THE FUCHIAS lies on this distribution: 85% of detached houses are smaller than THE FUCHIAS, and 15% of houses are larger. Note that EPC data is not available for all properties in Ludford.

THE FUCHIAS: Plot and Title Map

THE FUCHIAS sits on a plot of roughly 0.260 of an acre, or 1,051m². The below map shows the location of THE FUCHIAS, 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 FUCHIAS). 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 FUCHIAS?

THE FUCHIAS is located on MAGNA MILE in LUDFORD, in the LN8 postcode district. The below map shows the position of THE FUCHIAS on MAGNA MILE.