THE OLD EXCHANGE, WRAGBY ROAD, BARDNEY, LINCOLN, LN3 5XE - £70,000

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 OLD EXCHANGE is a very small detached house of 39m², built sometime between 1983 and 1990. It was last sold for £70,000 in July 2024, which was around 75% below the average July 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

THE OLD EXCHANGE Sold Prices

Land registry data shows two sales for THE OLD EXCHANGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two THE OLD EXCHANGE 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
2024 19 JUL	£70,000	£277,192	75% below HPI
2024 25 MAR	£45,600	£273,172	83% below HPI

THE OLD EXCHANGE 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 two THE OLD EXCHANGE sales from March 2024 and July 2024 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 March 2024 sale was for 83% below the HPI. So the extrapolation line tracks at 83% below the HPI over time, until the July 2024 sale, where it rises to 75% below the HPI. The line then continues to track at 75% below the HPI.

How Large is THE OLD EXCHANGE?

THE OLD EXCHANGE is 39m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses in Bardney, based on EPC data. The below chart shows the distribution of detached houses by size in Bardney, and where THE OLD EXCHANGE lies on this distribution: Less than 1% of detached houses are smaller than THE OLD EXCHANGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bardney.

THE OLD EXCHANGE: Plot and Title Map

THE OLD EXCHANGE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of THE OLD EXCHANGE, 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 OLD EXCHANGE). 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 OLD EXCHANGE?

THE OLD EXCHANGE is located on WRAGBY ROAD in BARDNEY, in the LN3 postcode district. The below map shows the position of THE OLD EXCHANGE on WRAGBY ROAD.