THE ORCHARD, GLEBE FARM WAY, NETTLETON, MARKET RASEN, LN7 6NN - £435,000

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 ORCHARD is a very large extended detached house of 220m², built sometime between 2003 and 2006. It was last sold for £435,000 in August 2012, which was around 144% above the average August 2012 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 ORCHARD 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
2012 3 AUG	£435,000	£178,474	144% above HPI
2007 31 JAN	£452,500	£189,860	138% above HPI

THE ORCHARD 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 ORCHARD sales from January 2007 and August 2012 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 January 2007 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the August 2012 sale, where it rises to 144% above the HPI. The line then continues to track at 144% above the HPI.

How Large is THE ORCHARD?

THE ORCHARD is 220m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 20% of detached houses in Nettleton, based on EPC data. The below chart shows the distribution of detached houses by size in Nettleton, and where THE ORCHARD lies on this distribution: 86% of detached houses are smaller than THE ORCHARD, and 14% of houses are larger. Note that EPC data is not available for all properties in Nettleton.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on GLEBE FARM WAY in NETTLETON, in the LN7 postcode district. The below map shows the position of THE ORCHARD on GLEBE FARM WAY.