CORNERWAYS, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE - £138,000

CORNERWAYS is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £138,000 in April 2014, which was around 25% below the average April 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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. All of the three CORNERWAYS sales were 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
2014 4 APR	£138,000	£183,519	25% below HPI
2013 2 JUL	£123,000	£175,259	30% below HPI
2011 25 FEB	£127,000	£175,116	27% below HPI

CORNERWAYS 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 CORNERWAYS sales between February 2011 and April 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 July 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2014 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 80m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where CORNERWAYS lies on this distribution: 14% of detached houses are smaller than CORNERWAYS, and 86% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on MILL LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of CORNERWAYS on MILL LANE.