1, SPRINGFIELDS, TEALBY, MARKET RASEN, LN8 3XP - £290,000

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.

1 SPRINGFIELDS is a large detached house of 171m², built sometime between 1996 and 2002, which could now be worth an estimated £483,913. It was last sold for £290,000 in November 2004, which was around 66% above the average November 2004 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

1 SPRINGFIELDS Sold Prices

Land registry data shows two sales for 1 SPRINGFIELDS 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 1 SPRINGFIELDS 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
2004 19 NOV	£290,000	£174,459	66% above HPI
2000 18 DEC	£157,000	£81,193	93% above HPI

1 SPRINGFIELDS 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 1 SPRINGFIELDS sales from December 2000 and November 2004 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 December 2000 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the November 2004 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 1 SPRINGFIELDS be worth now?

1 SPRINGFIELDS might now be worth an estimated £483,913.

This is based on house price inflation of 66.9%, between November 2004 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 66.9% inflationary increase is applied to the most recent sale price for 1 SPRINGFIELDS of £290,000 on 19th November 2004. For the value to have increased from £290,000 to £483,913 over the 21 years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 SPRINGFIELDS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2004 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGFIELDS has not materially changed since November 2004.

How Large is 1 SPRINGFIELDS?

1 SPRINGFIELDS is 171m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% of detached houses houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tealby, and where 1 SPRINGFIELDS lies on this distribution: 65% of detached houses houses are smaller than 1 SPRINGFIELDS, and 35% of houses are larger. Note that EPC data is not available for all properties in Tealby.

1 SPRINGFIELDS: Plot and Title Map

1 SPRINGFIELDS sits on a plot of roughly 0.256 of an acre, or 1,036m². The below map shows the location of 1 SPRINGFIELDS, 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 1 SPRINGFIELDS). 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 1 SPRINGFIELDS?

1 SPRINGFIELDS is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 1 on SPRINGFIELDS.