38, LADY FRANCES DRIVE, MARKET RASEN, LN8 3JJ - £272,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 LADY FRANCES DRIVE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £272,500 in February 2023, which was around 3% below the average February 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

38 LADY FRANCES DRIVE Sold Prices

Land registry data shows three sales for 38 LADY FRANCES DRIVE 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 38 LADY FRANCES DRIVE 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
2023 8 FEB	£272,500	£281,990	3% below HPI
2019 14 NOV	£175,000	£227,277	23% below HPI
2003 9 MAY	£125,000	£134,892	7% below HPI

38 LADY FRANCES DRIVE 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 38 LADY FRANCES DRIVE sales between May 2003 and February 2023 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 38 LADY FRANCES DRIVE?

38 LADY FRANCES DRIVE is 82m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% 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 38 LADY FRANCES DRIVE lies on this distribution: 19% of detached houses are smaller than 38 LADY FRANCES DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

38 LADY FRANCES DRIVE: Plot and Title Map

38 LADY FRANCES DRIVE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 38 LADY FRANCES DRIVE, 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 38 LADY FRANCES DRIVE). 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 38 LADY FRANCES DRIVE?

38 LADY FRANCES DRIVE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 38 on LADY FRANCES DRIVE.