27, THE RIDINGS, MARKET RASEN, LN8 3EE - £225,000

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.

27 THE RIDINGS is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £238,355. It was last sold for £225,000 in April 2024, which was around 18% below the average April 2024 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

27 THE RIDINGS Sold Prices

Land registry data shows two sales for 27 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. One of the two 27 THE RIDINGS 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
2024 11 APR	£225,000	£274,803	18% below HPI
2006 19 MAY	£184,000	£177,966	3% above HPI

27 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 27 THE RIDINGS sales from May 2006 and April 2024 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 May 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2024 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 27 THE RIDINGS be worth now?

27 THE RIDINGS might now be worth an estimated £238,355.

This is based on house price inflation of 5.9%, between April 2024 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 5.9% inflationary increase is applied to the most recent sale price for 27 THE RIDINGS of £225,000 on 11th April 2024. For the value to have increased from £225,000 to £238,355 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 27 THE RIDINGS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The April 2024 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 27 THE RIDINGS has not materially changed since April 2024.

How Large is 27 THE RIDINGS?

27 THE RIDINGS is 82m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% 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 27 THE RIDINGS lies on this distribution: 18% of detached houses houses are smaller than 27 THE RIDINGS, and 81% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

27 THE RIDINGS: Plot and Title Map

27 THE RIDINGS sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 27 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 27 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 27 THE RIDINGS?

27 THE RIDINGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 27 on THE RIDINGS.