THE MEADOWS, BISHOP NORTON ROAD, GLENTHAM, MARKET RASEN, LN8 2EU - £162,500

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 MEADOWS is a very small detached house of 88m², built sometime between 1983 and 1990. It was last sold for £162,500 in July 2017, which was around 25% below the average July 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

THE MEADOWS Sold Prices

Land registry data shows five sales for THE MEADOWS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the five THE MEADOWS sales were 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
2017 28 JUL	£162,500	£217,884	25% below HPI
2012 21 NOV	£145,000	£172,058	16% below HPI
2011 15 JUL	£130,000	£177,213	27% below HPI
2010 20 JAN	£110,000	£181,496	39% below HPI
2002 30 AUG	£116,500	£109,608	6% above HPI

THE MEADOWS 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 five THE MEADOWS sales between August 2002 and July 2017 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 2012 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THE MEADOWS?

THE MEADOWS is 88m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses in Glentham, based on EPC data. The below chart shows the distribution of detached houses by size in Glentham, and where THE MEADOWS lies on this distribution: 18% of detached houses are smaller than THE MEADOWS, and 82% of houses are larger. Note that EPC data is not available for all properties in Glentham.

THE MEADOWS: Plot and Title Map

THE MEADOWS sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of THE MEADOWS, 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 MEADOWS). 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 MEADOWS?

THE MEADOWS is located on BISHOP NORTON ROAD in GLENTHAM, in the LN8 postcode district. The below map shows the position of THE MEADOWS on BISHOP NORTON ROAD.