5, THE ORCHARDS, MIDDLE RASEN, MARKET RASEN, LN8 3TL - £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 THE ORCHARDS is a midsized detached house of 119m², built sometime between 1983 and 1990. It was last sold for £225,000 in September 2018, which was around 3% below the average September 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

5 THE ORCHARDS Sold Prices

Land registry data shows two sales for 5 THE ORCHARDS 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. One of the two 5 THE ORCHARDS sales was for below the average price, whilst the other was 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
2018 21 SEP	£225,000	£232,110	3% below HPI
2008 18 APR	£221,000	£190,818	16% above HPI

5 THE ORCHARDS 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 5 THE ORCHARDS sales from April 2008 and September 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 April 2008 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2018 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 THE ORCHARDS?

5 THE ORCHARDS is 119m² according to the EPC inspection conducted in April 2018. This puts it in the largest 50% 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 THE ORCHARDS lies on this distribution: 52% of detached houses are smaller than 5 THE ORCHARDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

5 THE ORCHARDS: Plot and Title Map

5 THE ORCHARDS sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 5 THE ORCHARDS, 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 THE ORCHARDS). 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 THE ORCHARDS?

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