3, LANCASTER ROAD, BROOKENBY, MARKET RASEN, LN8 6HD - £175,500

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 LANCASTER ROAD is a midsized detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £256,108. It was last sold for £175,500 in October 2015, which was around 12% below the average October 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

3 LANCASTER ROAD Sold Prices

Land registry data shows two sales for 3 LANCASTER ROAD 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 LANCASTER ROAD 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
2015 20 OCT	£175,500	£199,488	12% below HPI
2001 12 APR	£64,750	£83,000	22% below HPI

3 LANCASTER ROAD 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 LANCASTER ROAD sales from April 2001 and October 2015 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 April 2001 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 LANCASTER ROAD be worth now?

3 LANCASTER ROAD might now be worth an estimated £256,108.

This is based on house price inflation of 45.9%, between October 2015 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 45.9% inflationary increase is applied to the most recent sale price for 3 LANCASTER ROAD of £175,500 on 20th October 2015. For the value to have increased from £175,500 to £256,108 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 LANCASTER ROAD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2015 sale price of £175,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LANCASTER ROAD has not materially changed since October 2015.

How Large is 3 LANCASTER ROAD?

3 LANCASTER ROAD is 130m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 50% of detached houses houses in Brookenby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brookenby, and where 3 LANCASTER ROAD lies on this distribution: 43% of detached houses houses are smaller than 3 LANCASTER ROAD, and 55% of houses are larger. Note that EPC data is not available for all properties in Brookenby.

3 LANCASTER ROAD: Plot and Title Map

3 LANCASTER ROAD sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 3 LANCASTER ROAD, 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 LANCASTER ROAD). 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 LANCASTER ROAD?

3 LANCASTER ROAD is located in BROOKENBY, in the LN8 postcode district. The below map shows the position of No. 3 on LANCASTER ROAD.