3, BRACKEN WAY, MARKET RASEN, LN8 3QA - £265,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 BRACKEN WAY is a large detached house of 126m², built sometime between 2003 and 2006. It was last sold for £265,000 in December 2023, which was around 6% below the average December 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

3 BRACKEN WAY Sold Prices

Land registry data shows five sales for 3 BRACKEN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the five 3 BRACKEN 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
2023 7 DEC	£265,000	£283,242	6% below HPI
2017 30 JAN	£195,000	£202,188	4% below HPI
2016 12 APR	£180,000	£192,407	6% below HPI
2012 12 OCT	£161,000	£179,111	10% below HPI
2006 17 AUG	£164,950	£175,402	6% below HPI

3 BRACKEN 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 five 3 BRACKEN WAY sales between August 2006 and December 2023 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 January 2017 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2023 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 BRACKEN WAY?

3 BRACKEN WAY is 126m² according to the EPC inspection conducted in August 2023. This puts it in the largest 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 3 BRACKEN WAY lies on this distribution: 70% of detached houses are smaller than 3 BRACKEN WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 BRACKEN WAY: Plot and Title Map

3 BRACKEN WAY sits on a plot of roughly 0.088 of an acre, or 354m². The below map shows the location of 3 BRACKEN 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 BRACKEN 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 BRACKEN WAY?

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