FAIRVIEW, SPRIDLINGTON ROAD, FALDINGWORTH, MARKET RASEN, LN8 3SQ - £205,000

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.

FAIRVIEW is a very small extended semi-detached house of 95m², built sometime between 1900 and 1929, which could now be worth an estimated £249,601. It was last sold for £205,000 in June 2020, which was around 42% above the average June 2020 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the three FAIRVIEW 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
2020 12 JUN	£205,000	£144,200	42% above HPI
2016 11 MAR	£159,000	£124,758	27% above HPI
2007 19 OCT	£154,000	£129,665	19% above HPI

FAIRVIEW 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 three FAIRVIEW sales between October 2007 and June 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 March 2016 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2020 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £249,601.

This is based on house price inflation of 21.8%, between June 2020 and June 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 21.8% inflationary increase is applied to the most recent sale price for FAIRVIEW of £205,000 on 12th June 2020. For the value to have increased from £205,000 to £249,601 over the five years to June 2025, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The June 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since June 2020.

How Large is FAIRVIEW?

FAIRVIEW is 95m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of semi-detached houses houses in Faldingworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Faldingworth, and where FAIRVIEW lies on this distribution: 6% of semi-detached houses houses are smaller than FAIRVIEW, and 94% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

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