18, CEDAR CLOSE, MARKET RASEN, LN8 3BE - £86,000

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.

18 CEDAR CLOSE is a very small detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £106,048. It was last sold for £86,000 in November 2020, which was around 64% below the average November 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

18 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 18 CEDAR CLOSE 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 18 CEDAR CLOSE 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
2020 24 NOV	£86,000	£238,558	64% below HPI
1999 29 JAN	£53,750	£68,245	21% below HPI

18 CEDAR CLOSE 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 18 CEDAR CLOSE sales from January 1999 and November 2020 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 January 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, where it falls to 64% below the HPI. The line then continues to track at 64% below the HPI.

What might 18 CEDAR CLOSE be worth now?

18 CEDAR CLOSE might now be worth an estimated £106,048.

This is based on house price inflation of 23.3%, between November 2020 and March 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 23.3% inflationary increase is applied to the most recent sale price for 18 CEDAR CLOSE of £86,000 on 24th November 2020. For the value to have increased from £86,000 to £106,048 over the five years and eight months to March 2025, the following assumptions must hold true:

• The value of 18 CEDAR CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2020 sale price of £86,000 represented a fair market value for the property.
• The size, condition, and specification of 18 CEDAR CLOSE has not materially changed since November 2020.

How Large is 18 CEDAR CLOSE?

18 CEDAR CLOSE is 54m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where 18 CEDAR CLOSE lies on this distribution: 1% of detached houses houses are smaller than 18 CEDAR CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

18 CEDAR CLOSE: Plot and Title Map

18 CEDAR CLOSE sits on a plot of roughly 0.017 of an acre, or 69m². The below map shows the location of 18 CEDAR CLOSE, 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 18 CEDAR CLOSE). 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 18 CEDAR CLOSE?

18 CEDAR CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 18 on CEDAR CLOSE.