STONY RISE, FALDINGWORTH ROAD, SPRIDLINGTON, MARKET RASEN, LN8 2DF - £285,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

STONY RISE is a midsized detached house of 139m², built sometime between 1976 and 1982. It was last sold for £285,000 in May 2010, which was around 57% above the average May 2010 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

STONY RISE Sold Prices

Land registry data shows two sales for STONY RISE 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 STONY RISE 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
2010 10 MAY	£285,000	£181,452	57% above HPI
2003 22 DEC	£200,000	£150,273	33% above HPI

STONY RISE 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 STONY RISE sales from December 2003 and May 2010 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 December 2003 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2010 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is STONY RISE?

STONY RISE is 139m² according to the EPC inspection conducted in November 2008. 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 STONY RISE lies on this distribution: 40% of detached houses are smaller than STONY RISE, and 60% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

STONY RISE: Plot and Title Map

STONY RISE sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of STONY RISE, 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 STONY RISE). 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 STONY RISE?

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