SUNNY LEA, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JR - £121,000

SUNNY LEA is a very small detached house of 68m², built sometime between 1950 and 1966. It was last sold for £121,000 in November 2012, which was around 30% below the average November 2012 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

SUNNY LEA Sold Prices

Land registry data shows four sales for SUNNY LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four SUNNY LEA 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
2012 2 NOV	£121,000	£172,058	30% below HPI
2006 29 SEP	£137,750	£181,064	24% below HPI
2006 8 JUN	£90,000	£173,252	48% below HPI
1997 15 AUG	£44,000	£66,968	34% below HPI

SUNNY LEA 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 four SUNNY LEA sales between August 1997 and November 2012 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 September 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2012 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is SUNNY LEA?

SUNNY LEA is 68m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% 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 SUNNY LEA lies on this distribution: 5% of detached houses are smaller than SUNNY LEA, and 95% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

SUNNY LEA: Plot and Title Map

SUNNY LEA sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of SUNNY LEA, 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 SUNNY LEA). 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 SUNNY LEA?

SUNNY LEA is located on GAINSBOROUGH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of SUNNY LEA on GAINSBOROUGH ROAD.