3, BEECHERS WAY, MARKET RASEN, LN8 3FJ - £169,000

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.

3 BEECHERS WAY is a very small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £261,255. It was last sold for £169,000 in December 2013, which was around 10% below the average December 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

3 BEECHERS WAY Sold Prices

Land registry data shows two sales for 3 BEECHERS 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. Both of the two 3 BEECHERS WAY 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
2013 12 DEC	£169,000	£188,315	10% below HPI
2004 24 AUG	£173,000	£180,127	4% below HPI

3 BEECHERS 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 3 BEECHERS WAY sales from August 2004 and December 2013 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 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2013 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 3 BEECHERS WAY be worth now?

3 BEECHERS WAY might now be worth an estimated £261,255.

This is based on house price inflation of 54.6%, between December 2013 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 54.6% inflationary increase is applied to the most recent sale price for 3 BEECHERS WAY of £169,000 on 12th December 2013. For the value to have increased from £169,000 to £261,255 over the twelve years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 BEECHERS WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2013 sale price of £169,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BEECHERS WAY has not materially changed since December 2013.

How Large is 3 BEECHERS WAY?

3 BEECHERS WAY is 81m² according to the EPC inspection conducted in September 2010. 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 3 BEECHERS WAY lies on this distribution: 18% of detached houses houses are smaller than 3 BEECHERS WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 BEECHERS WAY: Plot and Title Map

3 BEECHERS WAY sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 3 BEECHERS 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 3 BEECHERS 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 3 BEECHERS WAY?

3 BEECHERS WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 3 on BEECHERS WAY.