2, BIRCHWOODS CLOSE, MARKET RASEN, LN8 3NT - £185,000

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.

2 BIRCHWOODS CLOSE is a very small detached house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £206,177. It was last sold for £185,000 in July 2021, which was around 29% below the average July 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

2 BIRCHWOODS CLOSE Sold Prices

Land registry data shows four sales for 2 BIRCHWOODS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 2 BIRCHWOODS 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
2021 30 JUL	£185,000	£261,213	29% below HPI
2015 18 NOV	£138,000	£198,394	30% below HPI
2010 22 DEC	£137,000	£191,082	28% below HPI
2004 30 JUL	£129,950	£174,194	25% below HPI

2 BIRCHWOODS 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 four 2 BIRCHWOODS CLOSE sales between July 2004 and July 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 November 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 BIRCHWOODS CLOSE be worth now?

2 BIRCHWOODS CLOSE might now be worth an estimated £206,177.

This is based on house price inflation of 11.4%, between July 2021 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 11.4% inflationary increase is applied to the most recent sale price for 2 BIRCHWOODS CLOSE of £185,000 on 30th July 2021. For the value to have increased from £185,000 to £206,177 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 2 BIRCHWOODS CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BIRCHWOODS CLOSE has not materially changed since July 2021.

How Large is 2 BIRCHWOODS CLOSE?

2 BIRCHWOODS CLOSE is 74m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 2 BIRCHWOODS CLOSE lies on this distribution: 13% of detached houses houses are smaller than 2 BIRCHWOODS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 BIRCHWOODS CLOSE: Plot and Title Map

2 BIRCHWOODS CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 2 BIRCHWOODS 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 2 BIRCHWOODS 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 2 BIRCHWOODS CLOSE?

2 BIRCHWOODS CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 2 on BIRCHWOODS CLOSE.