32, VELDEN WAY, MARKET RASEN, LN8 3HD - £200,000

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.

32 VELDEN WAY is a small extended detached house of 89m², built sometime between 1976 and 1982, which could now be worth an estimated £231,854. It was last sold for £200,000 in February 2021, which was around 20% below the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

32 VELDEN WAY Sold Prices

Land registry data shows two sales for 32 VELDEN WAY 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 32 VELDEN WAY 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
2021 15 FEB	£200,000	£251,118	20% below HPI
2019 15 NOV	£210,000	£230,585	9% below HPI

32 VELDEN WAY 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 32 VELDEN WAY sales from November 2019 and February 2021 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 2019 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 32 VELDEN WAY be worth now?

32 VELDEN WAY might now be worth an estimated £231,854.

This is based on house price inflation of 15.9%, between February 2021 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 15.9% inflationary increase is applied to the most recent sale price for 32 VELDEN WAY of £200,000 on 15th February 2021. For the value to have increased from £200,000 to £231,854 over the four years to February 2025, the following assumptions must hold true:

• The value of 32 VELDEN WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2021 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 32 VELDEN WAY has not materially changed since February 2021.

How Large is 32 VELDEN WAY?

32 VELDEN WAY is 89m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% 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 32 VELDEN WAY lies on this distribution: 25% of detached houses houses are smaller than 32 VELDEN WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

32 VELDEN WAY: Plot and Title Map

32 VELDEN WAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 32 VELDEN WAY, 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 32 VELDEN WAY). 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 32 VELDEN WAY?

32 VELDEN WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 32 on VELDEN WAY.