3, DRAX COURT, MIDDLE RASEN, MARKET RASEN, LN8 3UE - £110,000

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 DRAX COURT is a very small detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £179,714. It was last sold for £110,000 in September 2012, which was around 39% below the average September 2012 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

3 DRAX COURT Sold Prices

Land registry data shows two sales for 3 DRAX COURT 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 DRAX COURT 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
2012 21 SEP	£110,000	£180,056	39% below HPI
1999 2 DEC	£45,000	£73,994	39% below HPI

3 DRAX COURT 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 DRAX COURT sales from December 1999 and September 2012 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 December 1999 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2012 sale, which was also at 39% below the HPI.

What might 3 DRAX COURT be worth now?

3 DRAX COURT might now be worth an estimated £179,714.

This is based on house price inflation of 63.4%, between September 2012 and March 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 63.4% inflationary increase is applied to the most recent sale price for 3 DRAX COURT of £110,000 on 21st September 2012. For the value to have increased from £110,000 to £179,714 over the thirteen years and six months to March 2025, the following assumptions must hold true:

• The value of 3 DRAX COURT has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2012 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DRAX COURT has not materially changed since September 2012.

How Large is 3 DRAX COURT?

3 DRAX COURT is 61m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 3 DRAX COURT lies on this distribution: 3% of detached houses houses are smaller than 3 DRAX COURT, and 97% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

3 DRAX COURT: Plot and Title Map

3 DRAX COURT sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 3 DRAX COURT, 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 DRAX COURT). 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 DRAX COURT?

3 DRAX COURT is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 3 on DRAX COURT.