5, MEADOWFIELD, MIDDLE RASEN, MARKET RASEN, LN8 3TP - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MEADOWFIELD is a very small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £260,836. It was last sold for £225,000 in February 2021, which was around 10% below the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

5 MEADOWFIELD Sold Prices

Land registry data shows three sales for 5 MEADOWFIELD 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 5 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
2021 26 FEB	£225,000	£251,118	10% below HPI
2008 12 DEC	£173,000	£179,492	4% below HPI
2005 25 NOV	£158,000	£179,888	12% below HPI

5 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 three 5 MEADOWFIELD sales between November 2005 and February 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 December 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 MEADOWFIELD be worth now?

5 MEADOWFIELD might now be worth an estimated £260,836.

This is based on house price inflation of 15.9%, between February 2021 and February 2025, 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 15.9% inflationary increase is applied to the most recent sale price for 5 MEADOWFIELD of £225,000 on 26th February 2021. For the value to have increased from £225,000 to £260,836 over the four years to February 2025, the following assumptions must hold true:

• The value of 5 MEADOWFIELD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADOWFIELD has not materially changed since February 2021.

How Large is 5 MEADOWFIELD?

5 MEADOWFIELD is 84m² according to the EPC inspection conducted in December 2020. 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 5 MEADOWFIELD lies on this distribution: 19% of detached houses houses are smaller than 5 MEADOWFIELD, and 80% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

5 MEADOWFIELD: Plot and Title Map

5 MEADOWFIELD sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 5 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 5 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 5 MEADOWFIELD?

5 MEADOWFIELD is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 5 on MEADOWFIELD.