THE LAURELS, LINCOLN ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SF - £315,000

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.

THE LAURELS is a very small extended detached house of 110m², built sometime between 1930 and 1949, which could now be worth an estimated £331,385. It was last sold for £315,000 in May 2022, which was around 14% above the average May 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three THE LAURELS 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
2022 19 MAY	£315,000	£276,720	14% above HPI
2021 18 NOV	£286,000	£264,892	8% above HPI
2015 1 OCT	£168,500	£199,488	16% below HPI

THE LAURELS 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 three THE LAURELS sales between October 2015 and May 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 November 2021 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £331,385.

This is based on house price inflation of 5.2%, between May 2022 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for THE LAURELS of £315,000 on 19th May 2022. For the value to have increased from £315,000 to £331,385 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since May 2022.

How Large is THE LAURELS?

THE LAURELS is 110m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faldingworth, and where THE LAURELS lies on this distribution: 10% of detached houses houses are smaller than THE LAURELS, and 89% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.229 of an acre, or 926m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

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