1, BEECHERS WAY, MARKET RASEN, LN8 3FJ - £250,000

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 BEECHERS WAY is a very small detached house of 60m², built sometime between 2003 and 2006. It was last sold for £250,000 in October 2023, which was around 12% below the average October 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 BEECHERS WAY Sold Prices

Land registry data shows four sales for 1 BEECHERS WAY 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 1 BEECHERS WAY 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
2023 10 OCT	£250,000	£284,767	12% below HPI
2016 20 JUN	£172,000	£196,707	13% below HPI
2012 7 JUN	£166,000	£175,745	6% below HPI
2004 5 AUG	£162,000	£177,543	9% below HPI

1 BEECHERS WAY 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 1 BEECHERS WAY sales between August 2004 and October 2023 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 June 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1 BEECHERS WAY?

1 BEECHERS WAY is 60m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% 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 BEECHERS WAY lies on this distribution: 5% of detached houses are smaller than 1 BEECHERS WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 BEECHERS WAY: Plot and Title Map

1 BEECHERS WAY sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 1 BEECHERS WAY, 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 BEECHERS WAY). 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 BEECHERS WAY?

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