WILLOW BARN, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

WILLOW BARN is a very small extended detached house of 110m², built sometime between 2007 and 2011. It was last sold for £280,000 in December 2021, which was around 6% above the average December 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

WILLOW BARN Sold Prices

Land registry data shows two sales for WILLOW BARN 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 WILLOW BARN 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
2021 20 DEC	£280,000	£265,050	6% above HPI
2010 4 JUN	£179,950	£186,398	3% below HPI

WILLOW BARN 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 WILLOW BARN sales from June 2010 and December 2021 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 June 2010 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is WILLOW BARN?

WILLOW BARN is 110m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where WILLOW BARN lies on this distribution: 10% of detached houses are smaller than WILLOW BARN, and 89% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

WILLOW BARN: Plot and Title Map

WILLOW BARN sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of WILLOW BARN, 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 WILLOW BARN). 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 WILLOW BARN?

WILLOW BARN is located on SPRIDLINGTON ROAD in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of WILLOW BARN on SPRIDLINGTON ROAD.