OLD MELDRUM, CLIFF ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DW - £286,000

OLD MELDRUM is a small extended detached house of 139m², built sometime before 1900. It was last sold for £286,000 in February 2014, which was around 51% above the average February 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was B.

OLD MELDRUM Sold Prices

Land registry data shows two sales for OLD MELDRUM 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. Both of the two OLD MELDRUM 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 28 FEB	£286,000	£189,020	51% above HPI
1995 7 JUN	£80,000	£62,896	27% above HPI

OLD MELDRUM 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 OLD MELDRUM sales from June 1995 and February 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 June 1995 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the February 2014 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is OLD MELDRUM?

OLD MELDRUM is 139m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 40% of detached houses in Spridlington, based on EPC data. The below chart shows the distribution of detached houses by size in Spridlington, and where OLD MELDRUM lies on this distribution: 36% of detached houses are smaller than OLD MELDRUM, and 64% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

OLD MELDRUM: Plot and Title Map

OLD MELDRUM sits on a plot of roughly 0.282 of an acre, or 1,140m². The below map shows the location of OLD MELDRUM, 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 OLD MELDRUM). 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 OLD MELDRUM?

OLD MELDRUM is located on CLIFF ROAD in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of OLD MELDRUM on CLIFF ROAD.