17, SCHOOL LANE, NORTH KELSEY, MARKET RASEN, LN7 6JW - £118,500

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.

17 SCHOOL LANE is a small detached house of 89m², built sometime between 1976 and 1982, which could now be worth an estimated £178,596. It was last sold for £118,500 in January 2014, which was around 39% below the average January 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

17 SCHOOL LANE Sold Prices

Land registry data shows two sales for 17 SCHOOL 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 17 SCHOOL 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
2014 31 JAN	£118,500	£193,157	39% below HPI
2000 11 AUG	£46,000	£75,134	39% below HPI

17 SCHOOL 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 17 SCHOOL LANE sales from August 2000 and January 2014 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 2000 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2014 sale, which was also at 39% below the HPI.

What might 17 SCHOOL LANE be worth now?

17 SCHOOL LANE might now be worth an estimated £178,596.

This is based on house price inflation of 50.7%, between January 2014 and February 2025, 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 50.7% inflationary increase is applied to the most recent sale price for 17 SCHOOL LANE of £118,500 on 31st January 2014. For the value to have increased from £118,500 to £178,596 over the ten years and eleven months to February 2025, the following assumptions must hold true:

• The value of 17 SCHOOL LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2014 sale price of £118,500 represented a fair market value for the property.
• The size, condition, and specification of 17 SCHOOL LANE has not materially changed since January 2014.

How Large is 17 SCHOOL LANE?

17 SCHOOL LANE is 89m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kelsey, and where 17 SCHOOL LANE lies on this distribution: 27% of detached houses houses are smaller than 17 SCHOOL LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

17 SCHOOL LANE: Plot and Title Map

17 SCHOOL LANE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 17 SCHOOL 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 17 SCHOOL 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 17 SCHOOL LANE?

17 SCHOOL LANE is located in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 17 on SCHOOL LANE.