3, LADY FRANCES DRIVE, MARKET RASEN, LN8 3JJ - £277,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 LADY FRANCES DRIVE is a very large detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £344,914. It was last sold for £277,500 in January 2020, which was around 21% above the average January 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

3 LADY FRANCES DRIVE Sold Prices

Land registry data shows two sales for 3 LADY FRANCES DRIVE 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 LADY FRANCES DRIVE sales were 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
2020 31 JAN	£277,500	£229,231	21% above HPI
2008 29 AUG	£235,000	£189,273	24% above HPI

3 LADY FRANCES DRIVE 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 LADY FRANCES DRIVE sales from August 2008 and January 2020 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 2008 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2020 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 LADY FRANCES DRIVE be worth now?

3 LADY FRANCES DRIVE might now be worth an estimated £344,914.

This is based on house price inflation of 24.3%, between January 2020 and December 2024, 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 24.3% inflationary increase is applied to the most recent sale price for 3 LADY FRANCES DRIVE of £277,500 on 31st January 2020. For the value to have increased from £277,500 to £344,914 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 3 LADY FRANCES DRIVE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2020 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LADY FRANCES DRIVE has not materially changed since January 2020.

How Large is 3 LADY FRANCES DRIVE?

3 LADY FRANCES DRIVE is 146m² according to the EPC inspection conducted in February 2019. This puts it in the largest 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 LADY FRANCES DRIVE lies on this distribution: 82% of detached houses houses are smaller than 3 LADY FRANCES DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 LADY FRANCES DRIVE: Plot and Title Map

3 LADY FRANCES DRIVE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 3 LADY FRANCES DRIVE, 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 LADY FRANCES DRIVE). 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 LADY FRANCES DRIVE?

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