3, LAWRENCE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LN - £258,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 LAWRENCE LANE is a very large detached house of 202m². It was last sold for £258,000 in December 2018, which was around 18% above the average December 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was B, and the potential energy rating was B.

3 LAWRENCE LANE Sold Prices

Land registry data shows four sales for 3 LAWRENCE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the four 3 LAWRENCE LANE 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
2018 4 DEC	£258,000	£219,536	18% above HPI
2015 21 AUG	£226,000	£200,318	13% above HPI
2012 19 SEP	£203,000	£177,473	14% above HPI
2008 27 AUG	£50,000	£186,557	73% below HPI

3 LAWRENCE LANE 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 four 3 LAWRENCE LANE sales between August 2008 and December 2018 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 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the December 2018 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 3 LAWRENCE LANE?

3 LAWRENCE LANE is 202m² according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where 3 LAWRENCE LANE lies on this distribution: 94% of detached houses are smaller than 3 LAWRENCE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

3 LAWRENCE LANE: Plot and Title Map

3 LAWRENCE LANE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 3 LAWRENCE LANE, 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 LAWRENCE LANE). 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 LAWRENCE LANE?

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