3, THE FURLONGS, MARKET RASEN, LN8 3DF - £181,500

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 THE FURLONGS is a small detached house of 93m², built sometime between 2003 and 2006. It was last sold for £181,500 in June 2018, which was around 18% below the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

3 THE FURLONGS Sold Prices

Land registry data shows three sales for 3 THE FURLONGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 3 THE FURLONGS 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
2018 29 JUN	£181,500	£221,675	18% below HPI
2013 19 NOV	£150,000	£184,629	19% below HPI
2005 6 JAN	£135,995	£172,593	21% below HPI

3 THE FURLONGS 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 three 3 THE FURLONGS sales between January 2005 and June 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 November 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 THE FURLONGS?

3 THE FURLONGS is 93m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 40% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 3 THE FURLONGS lies on this distribution: 32% of detached houses are smaller than 3 THE FURLONGS, and 67% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 THE FURLONGS: Plot and Title Map

3 THE FURLONGS sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 3 THE FURLONGS, 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 THE FURLONGS). 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 THE FURLONGS?

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