39, THE RIDINGS, MARKET RASEN, LN8 3EE - £279,950

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

39 THE RIDINGS is a small detached house of 93m², built sometime between 1991 and 1995. It was last sold for £279,950 in May 2022, which was around 3% above the average May 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

39 THE RIDINGS Sold Prices

Land registry data shows three sales for 39 THE RIDINGS 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. Two of the three 39 THE RIDINGS sales were for above the average price, whilst one was 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
2022 27 MAY	£279,950	£272,750	3% above HPI
2016 17 JUN	£190,000	£196,707	3% below HPI
2005 3 MAY	£223,500	£167,322	34% above HPI

39 THE RIDINGS 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 39 THE RIDINGS sales between May 2005 and May 2022 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 June 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2022 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 39 THE RIDINGS?

39 THE RIDINGS is 93m² according to the EPC inspection conducted in January 2016. 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 39 THE RIDINGS lies on this distribution: 31% of detached houses are smaller than 39 THE RIDINGS, and 67% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

39 THE RIDINGS: Plot and Title Map

39 THE RIDINGS sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 39 THE RIDINGS, 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 39 THE RIDINGS). 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 39 THE RIDINGS?

39 THE RIDINGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 39 on THE RIDINGS.