4, MEADOWFIELD, MIDDLE RASEN, MARKET RASEN, LN8 3TP - £190,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 MEADOWFIELD is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £190,000 in October 2019, which was around 19% below the average October 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

4 MEADOWFIELD Sold Prices

Land registry data shows five sales for 4 MEADOWFIELD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the five 4 MEADOWFIELD 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
2019 31 OCT	£190,000	£234,730	19% below HPI
2010 20 DEC	£169,950	£191,082	11% below HPI
2004 30 APR	£159,950	£155,617	3% above HPI
2001 17 MAY	£78,950	£82,971	5% below HPI
1995 3 MAR	£59,000	£63,232	7% below HPI

4 MEADOWFIELD 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 five 4 MEADOWFIELD sales between March 1995 and October 2019 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 2010 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 4 MEADOWFIELD be worth now?

4 MEADOWFIELD might now be worth an estimated £230,625.

This is based on house price inflation of 21.4%, between October 2019 and December 2024, 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 21.4% inflationary increase is applied to the most recent sale price for 4 MEADOWFIELD of £190,000 on 31st October 2019. For the value to have increased from £190,000 to £230,625 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 4 MEADOWFIELD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2019 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MEADOWFIELD has not materially changed since October 2019.

How Large is 4 MEADOWFIELD?

4 MEADOWFIELD is 83m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 4 MEADOWFIELD lies on this distribution: 17% of detached houses houses are smaller than 4 MEADOWFIELD, and 82% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

4 MEADOWFIELD: Plot and Title Map

4 MEADOWFIELD sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 4 MEADOWFIELD, 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 MEADOWFIELD). 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 MEADOWFIELD?

4 MEADOWFIELD is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 4 on MEADOWFIELD.