2, LAWRENCE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LN - £187,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LAWRENCE LANE is a midsized detached house of 125m², built sometime between 2003 and 2006, which could now be worth an estimated £288,207. It was last sold for £187,500 in May 2015, which was around 1% below the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

2 LAWRENCE LANE Sold Prices

Land registry data shows two sales for 2 LAWRENCE LANE 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 LAWRENCE LANE 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
2015 29 MAY	£187,500	£189,391	1% below HPI
2006 28 JUN	£90,000	£175,773	49% below HPI

2 LAWRENCE LANE 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 LAWRENCE LANE sales from June 2006 and May 2015 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 2006 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2015 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 LAWRENCE LANE be worth now?

2 LAWRENCE LANE might now be worth an estimated £288,207.

This is based on house price inflation of 53.7%, between May 2015 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 53.7% inflationary increase is applied to the most recent sale price for 2 LAWRENCE LANE of £187,500 on 29th May 2015. For the value to have increased from £187,500 to £288,207 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 2 LAWRENCE LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2015 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LAWRENCE LANE has not materially changed since May 2015.

How Large is 2 LAWRENCE LANE?

2 LAWRENCE LANE is 125m² according to the EPC inspection conducted in January 2015. This puts it in the largest 50% 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 LAWRENCE LANE lies on this distribution: 59% of detached houses houses are smaller than 2 LAWRENCE LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

2 LAWRENCE LANE: Plot and Title Map

2 LAWRENCE LANE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 2 LAWRENCE LANE, 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 LAWRENCE LANE). 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 LAWRENCE LANE?

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