13, THE SMOOTING, TEALBY, MARKET RASEN, LN8 3XZ - £302,500

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.

13 THE SMOOTING is a very small extended detached house of 87m², built sometime before 1900, which could now be worth an estimated £393,578. It was last sold for £302,500 in May 2018, which was around 35% above the average May 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

13 THE SMOOTING Sold Prices

Land registry data shows two sales for 13 THE SMOOTING 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 13 THE SMOOTING 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
2018 18 MAY	£302,500	£223,747	35% above HPI
2016 25 NOV	£188,000	£208,463	10% below HPI

13 THE SMOOTING 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 13 THE SMOOTING sales from November 2016 and May 2018 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 November 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2018 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 13 THE SMOOTING be worth now?

13 THE SMOOTING might now be worth an estimated £393,578.

This is based on house price inflation of 30.1%, between May 2018 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 30.1% inflationary increase is applied to the most recent sale price for 13 THE SMOOTING of £302,500 on 18th May 2018. For the value to have increased from £302,500 to £393,578 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 13 THE SMOOTING has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2018 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of 13 THE SMOOTING has not materially changed since May 2018.

How Large is 13 THE SMOOTING?

13 THE SMOOTING is 87m², which includes two extensions, according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% 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 13 THE SMOOTING lies on this distribution: 10% of detached houses houses are smaller than 13 THE SMOOTING, and 90% of houses are larger. Note that EPC data is not available for all properties in Tealby.

13 THE SMOOTING: Plot and Title Map

13 THE SMOOTING sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 13 THE SMOOTING, 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 13 THE SMOOTING). 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 13 THE SMOOTING?

13 THE SMOOTING is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 13 on THE SMOOTING.