5, THE SMOOTING, TEALBY, MARKET RASEN, LN8 3XZ - £156,500

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.

5 THE SMOOTING is a very small extended semi-detached house of 98m², built sometime before 1900, which could now be worth an estimated £247,813. It was last sold for £156,500 in May 2014, which was around 33% above the average May 2014 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

5 THE SMOOTING Sold Prices

Land registry data shows four sales for 5 THE SMOOTING since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 5 THE SMOOTING 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
2014 23 MAY	£156,500	£117,895	33% above HPI
2014 2 MAY	£168,000	£117,895	42% above HPI
2007 17 AUG	£165,000	£126,581	30% above HPI
2004 13 JAN	£115,000	£94,333	22% above HPI

5 THE SMOOTING Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 5 THE SMOOTING sales between January 2004 and May 2014 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 May 2014 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2014 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 5 THE SMOOTING be worth now?

5 THE SMOOTING might now be worth an estimated £247,813.

This is based on house price inflation of 58.3%, between May 2014 and February 2025, for semi-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 58.3% inflationary increase is applied to the most recent sale price for 5 THE SMOOTING of £156,500 on 23rd May 2014. For the value to have increased from £156,500 to £247,813 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 THE SMOOTING has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The May 2014 sale price of £156,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SMOOTING has not materially changed since May 2014.

How Large is 5 THE SMOOTING?

5 THE SMOOTING is 98m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of semi-detached houses houses in Tealby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tealby, and where 5 THE SMOOTING lies on this distribution: 17% of semi-detached houses houses are smaller than 5 THE SMOOTING, and 83% of houses are larger. Note that EPC data is not available for all properties in Tealby.

5 THE SMOOTING: Plot and Title Map

5 THE SMOOTING sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 5 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 5 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 5 THE SMOOTING?

5 THE SMOOTING is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 5 on THE SMOOTING.