1, LAWRENCE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LN - £222,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LAWRENCE LANE is a large detached house of 142m², built sometime between 2003 and 2006. It was last sold for £222,500 in January 2017, which was around 8% above the average January 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

1 LAWRENCE LANE Sold Prices

Land registry data shows two sales for 1 LAWRENCE LANE 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 LAWRENCE LANE sales were for above 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
2017 27 JAN	£222,500	£205,130	8% above HPI
2006 21 APR	£219,950	£177,671	24% above HPI

1 LAWRENCE LANE 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 LAWRENCE LANE sales from April 2006 and January 2017 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 April 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2017 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 1 LAWRENCE LANE be worth now?

1 LAWRENCE LANE might now be worth an estimated £309,045.

This is based on house price inflation of 38.9%, between January 2017 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.9% inflationary increase is applied to the most recent sale price for 1 LAWRENCE LANE of £222,500 on 27th January 2017. For the value to have increased from £222,500 to £309,045 over the six years and one month to December 2024, the following assumptions must hold true:

• The value of 1 LAWRENCE LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2017 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LAWRENCE LANE has not materially changed since January 2017.

How Large is 1 LAWRENCE LANE?

1 LAWRENCE LANE is 142m² according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 1 LAWRENCE LANE lies on this distribution: 74% of detached houses houses are smaller than 1 LAWRENCE LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

1 LAWRENCE LANE: Plot and Title Map

1 LAWRENCE LANE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 1 LAWRENCE LANE, 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 LAWRENCE LANE). 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 LAWRENCE LANE?

1 LAWRENCE LANE is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 1 on LAWRENCE LANE.