7, WELLS DRIVE, MARKET RASEN, LN8 3EF - £220,000

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

7 WELLS DRIVE is a small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £220,000 in October 2018, which was around 2% below the average October 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

7 WELLS DRIVE Sold Prices

Land registry data shows three sales for 7 WELLS DRIVE 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. One of the three 7 WELLS DRIVE sales was for below the average price, whilst two 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
2018 3 OCT	£220,000	£225,536	2% below HPI
2006 12 SEP	£192,500	£181,064	6% above HPI
1997 28 FEB	£65,000	£64,228	1% above HPI

7 WELLS DRIVE 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 7 WELLS DRIVE sales between February 1997 and October 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 September 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2018 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 7 WELLS DRIVE?

7 WELLS DRIVE is 85m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 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 7 WELLS DRIVE lies on this distribution: 21% of detached houses are smaller than 7 WELLS DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

7 WELLS DRIVE: Plot and Title Map

7 WELLS DRIVE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 7 WELLS DRIVE, 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 7 WELLS DRIVE). 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 7 WELLS DRIVE?

7 WELLS DRIVE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 7 on WELLS DRIVE.