10, DRAX COURT, MIDDLE RASEN, MARKET RASEN, LN8 3UE - £259,000

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

10 DRAX COURT is a small detached house of 87m², built sometime between 1976 and 1982. It was last sold for £259,000 in October 2021, which was around 2% above the average October 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

10 DRAX COURT Sold Prices

Land registry data shows four sales for 10 DRAX COURT 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. Most of the four 10 DRAX COURT 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 28 OCT	£259,000	£253,335	2% above HPI
2012 27 NOV	£124,995	£172,058	27% below HPI
1999 30 JUL	£58,000	£69,281	16% below HPI
1995 6 JAN	£60,000	£63,897	6% below HPI

10 DRAX COURT 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 10 DRAX COURT sales between January 1995 and October 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 November 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 10 DRAX COURT?

10 DRAX COURT is 87m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where 10 DRAX COURT lies on this distribution: 24% of detached houses are smaller than 10 DRAX COURT, and 75% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

10 DRAX COURT: Plot and Title Map

10 DRAX COURT sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 10 DRAX COURT, 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 10 DRAX COURT). 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 10 DRAX COURT?

10 DRAX COURT is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 10 on DRAX COURT.