21, HORSESHOE WAY, MARKET RASEN, LN8 3FN - £162,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

21 HORSESHOE WAY is a small detached house of 84m², built sometime between 2003 and 2006. It was last sold for £162,000 in February 2014, which was around 14% below the average February 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

21 HORSESHOE WAY Sold Prices

Land registry data shows two sales for 21 HORSESHOE WAY 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 21 HORSESHOE WAY sales was for below the average price, whilst the other was 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
2014 5 FEB	£162,000	£189,020	14% below HPI
2005 22 DEC	£180,000	£174,502	3% above HPI

21 HORSESHOE WAY 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 21 HORSESHOE WAY sales from December 2005 and February 2014 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 December 2005 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 21 HORSESHOE WAY?

21 HORSESHOE WAY is 84m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 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 21 HORSESHOE WAY lies on this distribution: 20% of detached houses are smaller than 21 HORSESHOE WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

21 HORSESHOE WAY: Plot and Title Map

21 HORSESHOE WAY sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 21 HORSESHOE WAY, 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 21 HORSESHOE WAY). 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 21 HORSESHOE WAY?

21 HORSESHOE WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 21 on HORSESHOE WAY.