4, HERON WAY, MARKET RASEN, LN8 3RB - £227,000

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

4 HERON WAY is a large extended detached house of 118m², built sometime from 2007 onwards. It was last sold for £227,000 in December 2017, which was around 3% above the average December 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

4 HERON WAY Sold Prices

Land registry data shows two sales for 4 HERON 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. One of the two 4 HERON WAY sales was for above the average price, whilst the other was roughly equal to 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 8 DEC	£227,000	£220,247	3% above HPI
2008 11 APR	£190,000	£190,818	Close to HPI

4 HERON 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 4 HERON WAY sales from April 2008 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 April 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2017 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 4 HERON WAY?

4 HERON WAY is 118m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the largest 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 4 HERON WAY lies on this distribution: 60% of detached houses are smaller than 4 HERON WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

4 HERON WAY: Plot and Title Map

4 HERON WAY sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 4 HERON 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 4 HERON 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 4 HERON WAY?

4 HERON WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 4 on HERON WAY.