Oak Tree Cottage, Spridlington Road is a 4 bedroom detached house spread over 2,476 square feet, making it one of the largest properties here - it is ranked as the 2nd most expensive property* in LN8 3SQ, with a valuation of £674,000.
Since it last sold in October 2016 for £499,950, its value has increased by £174,050.
We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.
Get an updated valuation by simply telling us about any renovations made.
This property has a higher cost per square foot than other properties in the road, which is why we think it is more likely to be in good condition.
This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.
At a valuation of £674k this property has a cost per square foot of £272 - this is substantially more than the average for the area (which is currently £230).
If we valued this property using the average cost per square foot (CPSF):
The most paid for a property in Spridlington Road, LN8 3SQ was £790,000 in 2021.
| Date | Price | Change |
|---|---|---|
| Today's value* | £674,000 | 34.8% |
| 14 Oct 2016 | £499,950 | - |
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £650k and £698k.
This property only has one recorded sale so it doesn't have a historic investment return or rating yet.
Most likely sale price: £674k
The most likely sale price is £674,000 but at the lower end we think it should fetch a minimum of £650,000.
This property has increased in price by £174,050 since it last sold in 2016 - this equates to a 4% rise each year.
On a cost per square foot basis, this property is valued at 17% more than the other houses in this postcode.
This property is currently valued at £272 per square foot - the average cost per square foot for this postcode is £233.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £775,000.
| Property | Valuation | ||
|---|---|---|---|
|
Sycamore Cottage, Spridlington Road
721 sq.ft. |
£171,000 | ||
|
Willow Barn, Spridlington Road
1184 sq.ft. |
£285,000 | ||
|
The Poplars, Spridlington Road
1851 sq.ft. |
£365,000 (~0% since 2022) | ||
|
Chestnut Lodge, 2, Spridlington Road
|
£388,000 | ||
|
Westfield, Spridlington Road
1572 sq.ft. |
£403,000 |
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
