1, STABLE WAY, MARKET RASEN, LN8 3FQ - £215,000

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 STABLE WAY is a small detached house of 95m², built sometime between 1996 and 2002. It was last sold for £215,000 in June 2016, which was around 9% above the average June 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

1 STABLE WAY Sold Prices

Land registry data shows three sales for 1 STABLE WAY 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 STABLE WAY 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
2016 22 JUN	£215,000	£196,707	9% above HPI
2005 14 JUL	£235,000	£180,986	30% above HPI
2003 17 OCT	£204,995	£147,461	39% above HPI

1 STABLE 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 three 1 STABLE WAY sales between October 2003 and June 2016 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 July 2005 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2016 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 1 STABLE WAY?

1 STABLE WAY is 95m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% 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 STABLE WAY lies on this distribution: 35% of detached houses are smaller than 1 STABLE WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 STABLE WAY: Plot and Title Map

1 STABLE WAY sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 1 STABLE 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 STABLE 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 STABLE WAY?

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