8, LANCASTER ROAD, BROOKENBY, MARKET RASEN, LN8 6HD - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 LANCASTER ROAD is a small detached house of 126m², built in 2023. It was last sold for £360,000 in July 2023, which was around 31% above the average July 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was B, and the potential energy rating was A.

8 LANCASTER ROAD Sold Prices

Land registry data shows two sales for 8 LANCASTER ROAD 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 8 LANCASTER ROAD 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
2023 13 JUL	£360,000	£273,796	31% above HPI
2022 29 APR	£362,500	£271,455	34% above HPI

8 LANCASTER ROAD 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 8 LANCASTER ROAD sales from April 2022 and July 2023 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 2022 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the July 2023 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 8 LANCASTER ROAD?

8 LANCASTER ROAD is 126m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% of detached houses in Brookenby, based on EPC data. The below chart shows the distribution of detached houses by size in Brookenby, and where 8 LANCASTER ROAD lies on this distribution: 33% of detached houses are smaller than 8 LANCASTER ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Brookenby.

8 LANCASTER ROAD: Plot and Title Map

8 LANCASTER ROAD sits on a plot of roughly 1.6 acres, or 6,533m². The below map shows the location of 8 LANCASTER ROAD, 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 8 LANCASTER ROAD). 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 8 LANCASTER ROAD?

8 LANCASTER ROAD is located in BROOKENBY, in the LN8 postcode district. The below map shows the position of No. 8 on LANCASTER ROAD.