40, THE FURLONGS, MARKET RASEN, LN8 3DF - £195,000

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 FURLONGS is a small detached house of 93m², built sometime between 2003 and 2006. It was last sold for £195,000 in October 2021, which was around 23% below the average October 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

40 THE FURLONGS Sold Prices

Land registry data shows four sales for 40 THE FURLONGS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 40 THE FURLONGS 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
2021 14 OCT	£195,000	£253,335	23% below HPI
2016 25 NOV	£151,500	£205,472	26% below HPI
2014 6 JUN	£145,000	£184,269	21% below HPI
2005 16 DEC	£149,995	£174,502	14% below HPI

40 THE FURLONGS 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 four 40 THE FURLONGS sales between December 2005 and October 2021 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 November 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 40 THE FURLONGS?

40 THE FURLONGS is 93m² according to the EPC inspection conducted in September 2011. 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 40 THE FURLONGS lies on this distribution: 33% of detached houses are smaller than 40 THE FURLONGS, and 67% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

40 THE FURLONGS: Plot and Title Map

40 THE FURLONGS sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 40 THE FURLONGS, 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 FURLONGS). 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 FURLONGS?

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