1, THE FURLONGS, MARKET RASEN, LN8 3DF - £182,500

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 THE FURLONGS is a small detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £243,106. It was last sold for £182,500 in November 2017, which was around 16% below the average November 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

1 THE FURLONGS Sold Prices

Land registry data shows three sales for 1 THE FURLONGS 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 THE FURLONGS 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
2017 24 NOV	£182,500	£218,540	16% below HPI
2015 10 MAR	£160,000	£190,793	16% below HPI
2006 18 DEC	£155,995	£191,459	19% below HPI

1 THE FURLONGS 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 THE FURLONGS sales between December 2006 and November 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 March 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2017 sale, which was also at 16% below the HPI.

What might 1 THE FURLONGS be worth now?

1 THE FURLONGS might now be worth an estimated £243,106.

This is based on house price inflation of 33.2%, between November 2017 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 33.2% inflationary increase is applied to the most recent sale price for 1 THE FURLONGS of £182,500 on 24th November 2017. For the value to have increased from £182,500 to £243,106 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 THE FURLONGS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2017 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 1 THE FURLONGS has not materially changed since November 2017.

How Large is 1 THE FURLONGS?

1 THE FURLONGS is 90m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% 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 THE FURLONGS lies on this distribution: 26% of detached houses houses are smaller than 1 THE FURLONGS, and 72% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 THE FURLONGS: Plot and Title Map

1 THE FURLONGS sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 1 THE FURLONGS, 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 THE FURLONGS). 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 THE FURLONGS?

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