14, THE FURLONGS, MARKET RASEN, LN8 3DF - £220,000

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

14 THE FURLONGS is a very large detached house of 171m², built sometime between 2003 and 2006. It was last sold for £220,000 in January 2018, which was about the average January 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was C.

14 THE FURLONGS Sold Prices

Land registry data shows three sales for 14 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. The three 14 THE FURLONGS sales were a mix of roughly equal to the average price, above the average price, and 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
2018 26 JAN	£220,000	£219,568	Close to HPI
2011 10 OCT	£165,000	£178,275	7% below HPI
2005 20 MAY	£195,995	£167,322	17% above HPI

14 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 14 THE FURLONGS sales between May 2005 and January 2018 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 October 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 14 THE FURLONGS?

14 THE FURLONGS is 171m² according to the EPC inspection conducted in November 2008. This puts it in the largest 20% 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 14 THE FURLONGS lies on this distribution: 90% of detached houses are smaller than 14 THE FURLONGS, and 10% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

14 THE FURLONGS: Plot and Title Map

14 THE FURLONGS sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 14 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 14 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 14 THE FURLONGS?

14 THE FURLONGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 14 on THE FURLONGS.