NEW PASTURES, TORRINGTON LANE, EAST BARKWITH, MARKET RASEN, LN8 5RY - £282,000

NEW PASTURES is a small extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £282,000 in February 2019, which was around 25% above the average February 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

NEW PASTURES Sold Prices

Land registry data shows three sales for NEW PASTURES 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. All of the three NEW PASTURES 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
2019 22 FEB	£282,000	£225,096	25% above HPI
2012 10 FEB	£250,000	£158,370	58% above HPI
2001 1 MAR	£80,000	£75,801	6% above HPI

NEW PASTURES 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 NEW PASTURES sales between March 2001 and February 2019 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 February 2012 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the February 2019 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is NEW PASTURES?

NEW PASTURES is 122m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 40% of detached houses in East Barkwith, based on EPC data. The below chart shows the distribution of detached houses by size in East Barkwith, and where NEW PASTURES lies on this distribution: 36% of detached houses are smaller than NEW PASTURES, and 64% of houses are larger. Note that EPC data is not available for all properties in East Barkwith.

NEW PASTURES: Plot and Title Map

NEW PASTURES sits on a plot of roughly 0.216 of an acre, or 876m². The below map shows the location of NEW PASTURES, 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 NEW PASTURES). 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 NEW PASTURES?

NEW PASTURES is located on TORRINGTON LANE in EAST BARKWITH, in the LN8 postcode district. The below map shows the position of NEW PASTURES on TORRINGTON LANE.