2, CORNER FARM CLOSE, MIDDLE RASEN, MARKET RASEN, LN8 3WE - £465,000

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 CORNER FARM CLOSE is a very large detached house of 165m², which could now be worth an estimated £477,332. It was last sold for £465,000 in June 2022, which was around 64% above the average June 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

2 CORNER FARM CLOSE Sold Prices

Land registry data shows two sales for 2 CORNER FARM 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 2 CORNER FARM CLOSE 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
2022 15 JUN	£465,000	£283,593	64% above HPI
2020 18 MAR	£300,000	£229,168	31% above HPI

2 CORNER FARM 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 2 CORNER FARM CLOSE sales from March 2020 and June 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 March 2020 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2022 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might 2 CORNER FARM CLOSE be worth now?

2 CORNER FARM CLOSE might now be worth an estimated £477,332.

This is based on house price inflation of 2.7%, between June 2022 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 2.7% inflationary increase is applied to the most recent sale price for 2 CORNER FARM CLOSE of £465,000 on 15th June 2022. For the value to have increased from £465,000 to £477,332 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 CORNER FARM CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CORNER FARM CLOSE has not materially changed since June 2022.

How Large is 2 CORNER FARM CLOSE?

2 CORNER FARM CLOSE is 165m² according to the EPC inspection conducted in December 2019. This puts it in the largest 20% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 2 CORNER FARM CLOSE lies on this distribution: 88% of detached houses houses are smaller than 2 CORNER FARM CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

2 CORNER FARM CLOSE: Plot and Title Map

2 CORNER FARM CLOSE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 2 CORNER FARM 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 CORNER FARM 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 CORNER FARM CLOSE?

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