1, PADDOCK CLOSE, MARKET RASEN, LN8 3DG - £210,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PADDOCK CLOSE is a midsized extended detached house of 103m², built sometime between 2003 and 2006, which could now be worth an estimated £238,597. It was last sold for £210,000 in September 2021, which was around 18% below the average September 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

1 PADDOCK CLOSE Sold Prices

Land registry data shows three sales for 1 PADDOCK CLOSE 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 1 PADDOCK 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 10 SEP	£210,000	£256,223	18% below HPI
2009 10 SEP	£145,000	£181,279	20% below HPI
2004 21 OCT	£135,995	£174,583	22% below HPI

1 PADDOCK 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 three 1 PADDOCK CLOSE sales between October 2004 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 September 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 PADDOCK CLOSE be worth now?

1 PADDOCK CLOSE might now be worth an estimated £238,597.

This is based on house price inflation of 13.6%, between September 2021 and February 2025, 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 13.6% inflationary increase is applied to the most recent sale price for 1 PADDOCK CLOSE of £210,000 on 10th September 2021. For the value to have increased from £210,000 to £238,597 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 PADDOCK CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2021 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PADDOCK CLOSE has not materially changed since September 2021.

How Large is 1 PADDOCK CLOSE?

1 PADDOCK CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the smallest 50% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where 1 PADDOCK CLOSE lies on this distribution: 45% of detached houses houses are smaller than 1 PADDOCK CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 PADDOCK CLOSE: Plot and Title Map

1 PADDOCK CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 1 PADDOCK 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 PADDOCK 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 PADDOCK CLOSE?

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