GREENFIELDS, BACK LANE, BILSBY, ALFORD, LN13 9PT - £225,000

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.

GREENFIELDS is a very small detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £305,626. It was last sold for £225,000 in June 2016, which was around 16% above the average June 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

GREENFIELDS Sold Prices

Land registry data shows three sales for GREENFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three GREENFIELDS sales were for above the average price, whilst one 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
2016 21 JUN	£225,000	£193,773	16% above HPI
2012 24 MAY	£169,000	£165,840	2% above HPI
2011 9 MAR	£130,000	£163,963	21% below HPI

GREENFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three GREENFIELDS sales between March 2011 and June 2016 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 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2016 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might GREENFIELDS be worth now?

GREENFIELDS might now be worth an estimated £305,626.

This is based on house price inflation of 35.8%, between June 2016 and June 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.8% inflationary increase is applied to the most recent sale price for GREENFIELDS of £225,000 on 21st June 2016. For the value to have increased from £225,000 to £305,626 over the nine years to June 2025, the following assumptions must hold true:

• The value of GREENFIELDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of GREENFIELDS has not materially changed since June 2016.

How Large is GREENFIELDS?

GREENFIELDS is 73m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses houses in Bilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsby, and where GREENFIELDS lies on this distribution: 4% of detached houses houses are smaller than GREENFIELDS, and 96% of houses are larger. Note that EPC data is not available for all properties in Bilsby.

GREENFIELDS: Plot and Title Map

GREENFIELDS sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of GREENFIELDS, 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 GREENFIELDS). 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 GREENFIELDS?

GREENFIELDS is located on BACK LANE in BILSBY, in the LN13 postcode district. The below map shows the position of GREENFIELDS on BACK LANE.