1B, RASEN ROAD, TEALBY, MARKET RASEN, LN8 3XL - £428,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1B RASEN ROAD is a very large extended detached house of 207m², built sometime between 1967 and 1975. It was last sold for £428,500 in April 2021, which was around 70% above the average April 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

1B RASEN ROAD Sold Prices

Land registry data shows three sales for 1B RASEN ROAD 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. All of the three 1B RASEN ROAD 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
2021 1 APR	£428,500	£252,116	70% above HPI
2016 16 JUN	£355,000	£196,707	80% above HPI
2006 8 AUG	£299,000	£175,402	70% above HPI

1B RASEN ROAD 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 1B RASEN ROAD sales between August 2006 and April 2021 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 June 2016 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the April 2021 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 1B RASEN ROAD?

1B RASEN ROAD is 207m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of detached houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses by size in Tealby, and where 1B RASEN ROAD lies on this distribution: 85% of detached houses are smaller than 1B RASEN ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Tealby.

1B RASEN ROAD: Plot and Title Map

1B RASEN ROAD sits on a plot of roughly 0.397 of an acre, or 1,605m². The below map shows the location of 1B RASEN ROAD, 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 1B RASEN ROAD). 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 1B RASEN ROAD?

1B RASEN ROAD is located in TEALBY, in the LN8 postcode district. The below map shows the position of No. 1B on RASEN ROAD.