1, ACRE CLOSE, MARKET RASEN, LN8 3DL - £225,000

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

1 ACRE CLOSE is a small detached house of 90m², built sometime between 1996 and 2002. It was last sold for £225,000 in September 2021, which was around 11% below the average September 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

1 ACRE CLOSE Sold Prices

Land registry data shows two sales for 1 ACRE CLOSE 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 1 ACRE CLOSE 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
2021 22 SEP	£225,000	£252,547	11% below HPI
2006 31 AUG	£154,995	£175,402	12% below HPI

1 ACRE CLOSE 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 1 ACRE CLOSE sales from August 2006 and September 2021 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 August 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 ACRE CLOSE?

1 ACRE CLOSE is 90m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 1 ACRE CLOSE lies on this distribution: 26% of detached houses are smaller than 1 ACRE CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 ACRE CLOSE: Plot and Title Map

1 ACRE CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 1 ACRE CLOSE, 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 1 ACRE CLOSE). 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 1 ACRE CLOSE?

1 ACRE CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 1 on ACRE CLOSE.