16, DOVECOTE, MIDDLE RASEN, MARKET RASEN, LN8 3UD - £164,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 DOVECOTE is a very small detached house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £261,648. It was last sold for £164,000 in August 2011, which was around 8% below the average August 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

16 DOVECOTE Sold Prices

Land registry data shows three sales for 16 DOVECOTE 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 16 DOVECOTE 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
2011 5 AUG	£164,000	£178,586	8% below HPI
2005 4 AUG	£168,000	£183,200	8% below HPI
1998 26 OCT	£55,500	£71,171	22% below HPI

16 DOVECOTE 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 16 DOVECOTE sales between October 1998 and August 2011 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 August 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2011 sale, which was also at 8% below the HPI.

What might 16 DOVECOTE be worth now?

16 DOVECOTE might now be worth an estimated £261,648.

This is based on house price inflation of 59.5%, between August 2011 and December 2024, 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 59.5% inflationary increase is applied to the most recent sale price for 16 DOVECOTE of £164,000 on 5th August 2011. For the value to have increased from £164,000 to £261,648 over the twelve years and eight months to December 2024, the following assumptions must hold true:

• The value of 16 DOVECOTE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2011 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 16 DOVECOTE has not materially changed since August 2011.

How Large is 16 DOVECOTE?

16 DOVECOTE is 68m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 16 DOVECOTE lies on this distribution: 4% of detached houses houses are smaller than 16 DOVECOTE, and 96% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

16 DOVECOTE: Plot and Title Map

16 DOVECOTE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 16 DOVECOTE, 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 16 DOVECOTE). 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 16 DOVECOTE?

16 DOVECOTE is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 16 on DOVECOTE.