20, WELLS DRIVE, MARKET RASEN, LN8 3EF - £157,000

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

20 WELLS DRIVE is a very small detached house of 72m², built sometime between 1983 and 1990. It was last sold for £157,000 in August 2020, which was around 32% below the average August 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

20 WELLS DRIVE Sold Prices

Land registry data shows three sales for 20 WELLS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 20 WELLS DRIVE 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
2020 24 AUG	£157,000	£232,184	32% below HPI
2016 24 MAR	£157,500	£197,382	20% below HPI
2005 7 JAN	£136,500	£172,593	21% below HPI

20 WELLS 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 three 20 WELLS DRIVE sales between January 2005 and August 2020 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 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 20 WELLS DRIVE?

20 WELLS DRIVE is 72m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% 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 20 WELLS DRIVE lies on this distribution: 10% of detached houses are smaller than 20 WELLS DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

20 WELLS DRIVE: Plot and Title Map

20 WELLS DRIVE sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 20 WELLS 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 20 WELLS 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 20 WELLS DRIVE?

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