22, THE RIDINGS, MARKET RASEN, LN8 3EE - £215,000

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.

22 THE RIDINGS is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £215,813. It was last sold for £215,000 in November 2022, which was around 26% below the average November 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

22 THE RIDINGS Sold Prices

Land registry data shows three sales for 22 THE RIDINGS 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 22 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
2022 4 NOV	£215,000	£290,017	26% below HPI
2010 11 AUG	£135,000	£192,601	30% below HPI
1995 29 JUN	£56,500	£63,811	11% below HPI

22 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 three 22 THE RIDINGS sales between June 1995 and November 2022 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 2010 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 22 THE RIDINGS be worth now?

22 THE RIDINGS might now be worth an estimated £215,813.

This is based on house price inflation of 0.4%, between November 2022 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 0.4% inflationary increase is applied to the most recent sale price for 22 THE RIDINGS of £215,000 on 4th November 2022. For the value to have increased from £215,000 to £215,813 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 22 THE RIDINGS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2022 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 22 THE RIDINGS has not materially changed since November 2022.

How Large is 22 THE RIDINGS?

22 THE RIDINGS is 56m² according to the EPC inspection conducted in April 2021. 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 22 THE RIDINGS lies on this distribution: 2% of detached houses houses are smaller than 22 THE RIDINGS, and 98% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

22 THE RIDINGS: Plot and Title Map

22 THE RIDINGS sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 22 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 22 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 22 THE RIDINGS?

22 THE RIDINGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 22 on THE RIDINGS.