16, PASTURE LANE, MARKET RASEN, LN8 3DT - £185,000

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.

16 PASTURE LANE is a very small semi-detached house of 70m², built sometime between 2007 and 2011, which could now be worth an estimated £192,510. It was last sold for £185,000 in September 2023, which was around 3% above the average September 2023 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was A.

16 PASTURE LANE Sold Prices

Land registry data shows two sales for 16 PASTURE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 16 PASTURE LANE 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
2023 7 SEP	£185,000	£179,400	3% above HPI
2014 7 NOV	£127,250	£117,649	8% above HPI

16 PASTURE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 16 PASTURE LANE sales from November 2014 and September 2023 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 2014 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2023 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 16 PASTURE LANE be worth now?

16 PASTURE LANE might now be worth an estimated £192,510.

This is based on house price inflation of 4.1%, between September 2023 and February 2025, for semi-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 4.1% inflationary increase is applied to the most recent sale price for 16 PASTURE LANE of £185,000 on 7th September 2023. For the value to have increased from £185,000 to £192,510 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 PASTURE LANE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The September 2023 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PASTURE LANE has not materially changed since September 2023.

How Large is 16 PASTURE LANE?

16 PASTURE LANE is 70m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of semi-detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Market Rasen, and where 16 PASTURE LANE lies on this distribution: 8% of semi-detached houses houses are smaller than 16 PASTURE LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

16 PASTURE LANE: Plot and Title Map

16 PASTURE LANE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of 16 PASTURE LANE, 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 PASTURE LANE). 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 PASTURE LANE?

16 PASTURE LANE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 16 on PASTURE LANE.