16, THE FURLONGS, MARKET RASEN, LN8 3DF - £214,000

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

16 THE FURLONGS is a large detached house of 119m², built sometime between 2003 and 2006. It was last sold for £214,000 in September 2017, which was around 1% below the average September 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

16 THE FURLONGS Sold Prices

Land registry data shows three sales for 16 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 16 THE FURLONGS sales were a mix of below the average price, roughly equal to the average price, and 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
2017 8 SEP	£214,000	£216,820	1% below HPI
2014 11 APR	£183,500	£183,519	Close to HPI
2005 15 DEC	£190,000	£174,502	9% above HPI

16 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 16 THE FURLONGS sales between December 2005 and September 2017 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 April 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 16 THE FURLONGS?

16 THE FURLONGS is 119m² according to the EPC inspection conducted in January 2014. This puts it in the largest 40% 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 THE FURLONGS lies on this distribution: 61% of detached houses are smaller than 16 THE FURLONGS, and 37% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

16 THE FURLONGS: Plot and Title Map

16 THE FURLONGS sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 16 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 16 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 16 THE FURLONGS?

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