2, BAIN RISE, LUDFORD, MARKET RASEN, LN8 6LF - £274,000

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

2 BAIN RISE is a midsized detached house of 103m², built sometime between 1996 and 2002. It was last sold for £274,000 in August 2022, which was around 1% below the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was C.

2 BAIN RISE Sold Prices

Land registry data shows four sales for 2 BAIN RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 2 BAIN RISE 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
2022 26 AUG	£274,000	£275,687	1% below HPI
2003 12 SEP	£132,000	£133,978	1% below HPI
2001 1 AUG	£78,500	£83,628	6% below HPI
1995 27 JAN	£55,500	£59,586	7% below HPI

2 BAIN RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four 2 BAIN RISE sales between January 1995 and August 2022 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 September 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2022 sale, which was also at 1% below the HPI.

How Large is 2 BAIN RISE?

2 BAIN RISE is 103m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 50% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where 2 BAIN RISE lies on this distribution: 48% of detached houses are smaller than 2 BAIN RISE, and 52% of houses are larger. Note that EPC data is not available for all properties in Ludford.

2 BAIN RISE: Plot and Title Map

2 BAIN RISE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 2 BAIN RISE, 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 2 BAIN RISE). 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 2 BAIN RISE?

2 BAIN RISE is located in LUDFORD, in the LN8 postcode district. The below map shows the position of No. 2 on BAIN RISE.