20, THE RIDINGS, MARKET RASEN, LN8 3EE - £170,000

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.

20 THE RIDINGS is a very small detached house of 62m², built sometime between 2003 and 2006, which could now be worth an estimated £241,997. It was last sold for £170,000 in September 2016, which was around 17% below the average September 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

20 THE RIDINGS Sold Prices

Land registry data shows two sales for 20 THE RIDINGS 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 20 THE RIDINGS 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
2016 21 SEP	£170,000	£204,504	17% below HPI
2008 3 JUL	£143,500	£186,341	23% below HPI

20 THE RIDINGS 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 20 THE RIDINGS sales from July 2008 and September 2016 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 July 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 20 THE RIDINGS be worth now?

20 THE RIDINGS might now be worth an estimated £241,997.

This is based on house price inflation of 42.4%, between September 2016 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 42.4% inflationary increase is applied to the most recent sale price for 20 THE RIDINGS of £170,000 on 21st September 2016. For the value to have increased from £170,000 to £241,997 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 20 THE RIDINGS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2016 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 20 THE RIDINGS has not materially changed since September 2016.

How Large is 20 THE RIDINGS?

20 THE RIDINGS is 62m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% 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 20 THE RIDINGS lies on this distribution: 6% of detached houses houses are smaller than 20 THE RIDINGS, and 94% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

20 THE RIDINGS: Plot and Title Map

20 THE RIDINGS sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 20 THE RIDINGS, 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 20 THE RIDINGS). 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 20 THE RIDINGS?

20 THE RIDINGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 20 on THE RIDINGS.