2, LILY DRIVE, MARKET RASEN, LN8 3NZ - £125,000

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 LILY DRIVE is a small terraced house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £202,022. It was last sold for £125,000 in November 2009, which was around 38% above the average November 2009 terraced price in the West Lindsey local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

2 LILY DRIVE Sold Prices

Land registry data shows two sales for 2 LILY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. Both of the two 2 LILY DRIVE 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
2009 23 NOV	£125,000	£90,836	38% above HPI
2006 11 AUG	£137,702	£92,689	49% above HPI

2 LILY DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The two 2 LILY DRIVE sales from August 2006 and November 2009 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 August 2006 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the November 2009 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 2 LILY DRIVE be worth now?

2 LILY DRIVE might now be worth an estimated £202,022.

This is based on house price inflation of 61.6%, between November 2009 and July 2025, for terraced 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 61.6% inflationary increase is applied to the most recent sale price for 2 LILY DRIVE of £125,000 on 23rd November 2009. For the value to have increased from £125,000 to £202,022 over the sixteen years and four months to July 2025, the following assumptions must hold true:

• The value of 2 LILY DRIVE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The November 2009 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LILY DRIVE has not materially changed since November 2009.

How Large is 2 LILY DRIVE?

2 LILY DRIVE is 93m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 40% of terraced houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Market Rasen, and where 2 LILY DRIVE lies on this distribution: 32% of terraced houses houses are smaller than 2 LILY DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 LILY DRIVE: Plot and Title Map

2 LILY DRIVE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 2 LILY 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 LILY 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 LILY DRIVE?

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