2, FERN DRIVE, MARKET RASEN, LN8 3NU - £275,000

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

2 FERN DRIVE is a large detached house of 126m², built sometime between 2003 and 2006. It was last sold for £275,000 in April 2022, which was around 1% above the average April 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

2 FERN DRIVE Sold Prices

Land registry data shows two sales for 2 FERN DRIVE 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. One of the two 2 FERN DRIVE sales was for above the average price, whilst the other was 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 27 APR	£275,000	£271,455	1% above HPI
2017 19 JAN	£190,000	£202,188	6% below HPI

2 FERN DRIVE 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 FERN DRIVE sales from January 2017 and April 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 January 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 2 FERN DRIVE?

2 FERN DRIVE is 126m² according to the EPC inspection conducted in October 2016. This puts it in the largest 30% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 2 FERN DRIVE lies on this distribution: 70% of detached houses are smaller than 2 FERN DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 FERN DRIVE: Plot and Title Map

2 FERN DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 2 FERN DRIVE, 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 FERN DRIVE). 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 FERN DRIVE?

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