3, MALLOWFIELD, MIDDLE RASEN, MARKET RASEN, LN8 3TU - £95,000

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 MALLOWFIELD is a midsized detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £377,657. It was last sold for £95,000 in October 1999, which was around 30% above the average October 1999 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

3 MALLOWFIELD Sold Prices

Land registry data shows two sales for 3 MALLOWFIELD 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 MALLOWFIELD 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
1999 29 OCT	£95,000	£73,230	30% above HPI
1998 9 JAN	£94,000	£68,343	38% above HPI

3 MALLOWFIELD 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 MALLOWFIELD sales from January 1998 and October 1999 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 1998 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 1999 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 3 MALLOWFIELD be worth now?

3 MALLOWFIELD might now be worth an estimated £377,657.

This is based on house price inflation of 297.5%, between October 1999 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 297.5% inflationary increase is applied to the most recent sale price for 3 MALLOWFIELD of £95,000 on 29th October 1999. For the value to have increased from £95,000 to £377,657 over the 26 years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MALLOWFIELD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 1999 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MALLOWFIELD has not materially changed since October 1999.

How Large is 3 MALLOWFIELD?

3 MALLOWFIELD is 117m² according to the EPC inspection conducted in January 2024. This puts it in the largest 50% 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 MALLOWFIELD lies on this distribution: 51% of detached houses houses are smaller than 3 MALLOWFIELD, and 49% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

3 MALLOWFIELD: Plot and Title Map

3 MALLOWFIELD sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 3 MALLOWFIELD, 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 MALLOWFIELD). 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 MALLOWFIELD?

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