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

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

5 MEADOWFIELD is a very small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £225,000 in February 2021, which was around 9% 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	£247,515	9% below HPI
2008 12 DEC	£173,000	£176,917	2% below HPI
2005 25 NOV	£158,000	£177,307	11% 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

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 in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where 5 MEADOWFIELD lies on this distribution: 20% of detached 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.