40, THE BRAMBLES, MARKET RASEN, LN8 3NS - £185,000

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

40 THE BRAMBLES is a small extended detached house of 91m², built sometime between 2003 and 2006. It was last sold for £185,000 in August 2018, which was around 18% below the average August 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

40 THE BRAMBLES Sold Prices

Land registry data shows two sales for 40 THE BRAMBLES 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. Both of the two 40 THE BRAMBLES 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
2018 3 AUG	£185,000	£226,699	18% below HPI
2006 22 DEC	£164,940	£188,712	13% below HPI

40 THE BRAMBLES 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 40 THE BRAMBLES sales from December 2006 and August 2018 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 40 THE BRAMBLES?

40 THE BRAMBLES is 91m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% 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 40 THE BRAMBLES lies on this distribution: 28% of detached houses are smaller than 40 THE BRAMBLES, and 71% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

40 THE BRAMBLES: Plot and Title Map

40 THE BRAMBLES sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 40 THE BRAMBLES, 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 40 THE BRAMBLES). 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 40 THE BRAMBLES?

40 THE BRAMBLES is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 40 on THE BRAMBLES.