UNDER OAK, CHURCH HILL, SPRIDLINGTON, MARKET RASEN, LN8 2DX - £490,000

UNDER OAK is a large extended detached house of 166m², built sometime from 2007 onwards. It was last sold for £490,000 in May 2020, which was around 118% above the average May 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

UNDER OAK Sold Prices

Land registry data shows three sales for UNDER OAK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three UNDER OAK 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
2020 28 MAY	£490,000	£224,348	118% above HPI
2013 2 OCT	£249,950	£178,420	40% above HPI
2007 29 OCT	£170,000	£201,093	15% below HPI

UNDER OAK 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 three UNDER OAK sales between October 2007 and May 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 October 2013 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2020 sale, where it rises to 118% above the HPI. The line then continues to track at 118% above the HPI.

How Large is UNDER OAK?

UNDER OAK is 166m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 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 UNDER OAK lies on this distribution: 60% of detached houses are smaller than UNDER OAK, and 40% of houses are larger. Note that EPC data is not available for all properties in Spridlington.

UNDER OAK: Plot and Title Map

UNDER OAK sits on a plot of roughly 0.201 of an acre, or 812m². The below map shows the location of UNDER OAK, 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 UNDER OAK). 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 UNDER OAK?

UNDER OAK is located on CHURCH HILL in SPRIDLINGTON, in the LN8 postcode district. The below map shows the position of UNDER OAK on CHURCH HILL.