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

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

27 THE RIDINGS is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £225,000 in April 2024, which was around 17% 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	£271,219	17% below HPI
2006 19 MAY	£184,000	£175,413	5% 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 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the April 2024 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 27 THE RIDINGS lies on this distribution: 18% of detached 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 0.104 of an acre, or 420m². 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.