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

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

16 PASTURE LANE is a very small semi-detached house of 70m², built sometime between 2007 and 2011. It was last sold for £185,000 in September 2023, which was around 34% below the average September 2023 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 detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 16 PASTURE LANE 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
2023 7 SEP	£185,000	£281,400	34% below HPI
2014 7 NOV	£127,250	£185,594	31% below HPI

16 PASTURE LANE 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 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

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 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 16 PASTURE LANE lies on this distribution: 8% of detached 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.