49, THE RIDINGS, MARKET RASEN, LN8 3EE - £245,000

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

49 THE RIDINGS is a large detached house of 130m², built sometime between 2003 and 2006. It was last sold for £245,000 in February 2019, which was around 10% above the average February 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

49 THE RIDINGS Sold Prices

Land registry data shows two sales for 49 THE RIDINGS 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 49 THE RIDINGS sales were for above 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 18 FEB	£245,000	£221,723	10% above HPI
2003 25 APR	£229,000	£137,639	66% above HPI

49 THE RIDINGS 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 49 THE RIDINGS sales from April 2003 and February 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 April 2003 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the February 2019 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 49 THE RIDINGS?

49 THE RIDINGS is 130m² according to the EPC inspection conducted in July 2018. This puts it in the largest 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 49 THE RIDINGS lies on this distribution: 74% of detached houses are smaller than 49 THE RIDINGS, and 26% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

49 THE RIDINGS: Plot and Title Map

49 THE RIDINGS sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 49 THE RIDINGS, 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 49 THE RIDINGS). 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 49 THE RIDINGS?

49 THE RIDINGS is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 49 on THE RIDINGS.