4, PADDOCK CLOSE, MARKET RASEN, LN8 3DG - £255,000

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 PADDOCK CLOSE is a midsized detached house of 105m², built sometime between 2003 and 2006. It was last sold for £255,000 in July 2022, which was around 10% below the average July 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

4 PADDOCK CLOSE Sold Prices

Land registry data shows three sales for 4 PADDOCK CLOSE 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 4 PADDOCK CLOSE 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
2022 25 JUL	£255,000	£284,321	10% below HPI
2008 17 DEC	£149,950	£176,917	15% below HPI
2004 21 DEC	£148,000	£171,463	14% below HPI

4 PADDOCK CLOSE 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 4 PADDOCK CLOSE sales between December 2004 and July 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 December 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 4 PADDOCK CLOSE?

4 PADDOCK CLOSE is 105m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% 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 PADDOCK CLOSE lies on this distribution: 48% of detached houses are smaller than 4 PADDOCK CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

4 PADDOCK CLOSE: Plot and Title Map

4 PADDOCK CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 4 PADDOCK CLOSE, 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 PADDOCK CLOSE). 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 PADDOCK CLOSE?

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