TWO TREES, CHURCH HILL, SPRIDLINGTON, MARKET RASEN, LN8 2DX - £340,000

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.

TWO TREES is a small extended detached house of 136m², built sometime between 1967 and 1975, which could now be worth an estimated £407,629. It was last sold for £340,000 in December 2020, which was around 40% above the average December 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2023, where the current energy rating was E, and the potential energy rating was C.

TWO TREES Sold Prices

Land registry data shows two sales for TWO TREES 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. One of the two TWO TREES sales was for above the average price, whilst the other 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
2020 8 DEC	£340,000	£242,816	40% above HPI
2005 9 SEP	£175,000	£182,477	4% below HPI

TWO TREES 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 TWO TREES sales from September 2005 and December 2020 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 September 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2020 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might TWO TREES be worth now?

TWO TREES might now be worth an estimated £407,629.

This is based on house price inflation of 19.9%, between December 2020 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 19.9% inflationary increase is applied to the most recent sale price for TWO TREES of £340,000 on 8th December 2020. For the value to have increased from £340,000 to £407,629 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of TWO TREES has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2020 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of TWO TREES has not materially changed since December 2020.

How Large is TWO TREES?

TWO TREES is 136m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 30% of detached houses houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spridlington, and where TWO TREES lies on this distribution: 26% of detached houses houses are smaller than TWO TREES, and 74% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

TWO TREES: Plot and Title Map

TWO TREES sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of TWO TREES, 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 TWO TREES). 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 TWO TREES?

TWO TREES is located on CHURCH HILL in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of TWO TREES on CHURCH HILL.