3, WETHERBY CLOSE, MARKET RASEN, LN8 3EG - £225,000

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 WETHERBY CLOSE is a very small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £293,129. It was last sold for £225,000 in December 2017, which was around 1% above the average December 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

3 WETHERBY CLOSE Sold Prices

Land registry data shows four sales for 3 WETHERBY CLOSE 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 WETHERBY CLOSE 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
2017 20 DEC	£225,000	£223,453	1% above HPI
2013 12 DEC	£169,950	£188,315	10% below HPI
2008 26 MAR	£180,000	£192,989	7% below HPI
2004 25 AUG	£148,500	£180,127	18% below HPI

3 WETHERBY CLOSE 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 WETHERBY CLOSE sales between August 2004 and December 2017 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 December 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 WETHERBY CLOSE be worth now?

3 WETHERBY CLOSE might now be worth an estimated £293,129.

This is based on house price inflation of 30.3%, between December 2017 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 30.3% inflationary increase is applied to the most recent sale price for 3 WETHERBY CLOSE of £225,000 on 20th December 2017. For the value to have increased from £225,000 to £293,129 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 WETHERBY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WETHERBY CLOSE has not materially changed since December 2017.

How Large is 3 WETHERBY CLOSE?

3 WETHERBY CLOSE is 72m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% 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 WETHERBY CLOSE lies on this distribution: 9% of detached houses houses are smaller than 3 WETHERBY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 WETHERBY CLOSE: Plot and Title Map

3 WETHERBY CLOSE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 3 WETHERBY CLOSE, 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 WETHERBY CLOSE). 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 WETHERBY CLOSE?

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