3, CHURCH STREET, MARKET RASEN, LN8 3ET - £320,000

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 CHURCH STREET is a very large extended detached house of 177m², built sometime between 1900 and 1929, which could now be worth an estimated £335,793. It was last sold for £320,000 in March 2022, which was around 15% above the average March 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was C.

3 CHURCH STREET Sold Prices

Land registry data shows two sales for 3 CHURCH STREET 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 3 CHURCH STREET sales was for above the average price, whilst the other was roughly equal to 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 18 MAR	£320,000	£277,422	15% above HPI
2007 4 JAN	£193,000	£192,623	Close to HPI

3 CHURCH STREET 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 CHURCH STREET sales from January 2007 and March 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 January 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 CHURCH STREET be worth now?

3 CHURCH STREET might now be worth an estimated £335,793.

This is based on house price inflation of 4.9%, between March 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 4.9% inflationary increase is applied to the most recent sale price for 3 CHURCH STREET of £320,000 on 18th March 2022. For the value to have increased from £320,000 to £335,793 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 CHURCH STREET has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHURCH STREET has not materially changed since March 2022.

How Large is 3 CHURCH STREET?

3 CHURCH STREET is 177m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 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 3 CHURCH STREET lies on this distribution: 92% of detached houses houses are smaller than 3 CHURCH STREET, and 8% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 CHURCH STREET: Plot and Title Map

3 CHURCH STREET sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 3 CHURCH STREET, 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 CHURCH STREET). 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 CHURCH STREET?

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