88, RASEN LANE, LINCOLN, LN1 3HD - £270,000

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

88 RASEN LANE is a small extended detached house of 82m², built sometime before 1900. It was last sold for £270,000 in March 2023, which was around 9% below the average March 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

88 RASEN LANE Sold Prices

Land registry data shows five sales for 88 RASEN LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. The five 88 RASEN LANE sales were a mix of below the average price, and roughly equal to 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 10 MAR	£270,000	£297,756	9% below HPI
2015 2 NOV	£200,000	£215,115	7% below HPI
2013 7 MAY	£183,150	£183,712	Close to HPI
2006 8 SEP	£133,000	£181,939	27% below HPI
2005 2 DEC	£110,000	£177,641	38% below HPI

88 RASEN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The five 88 RASEN LANE sales between December 2005 and March 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 November 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 88 RASEN LANE?

88 RASEN LANE is 82m², which includes two extensions, according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 88 RASEN LANE lies on this distribution: 27% of detached houses are smaller than 88 RASEN LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

88 RASEN LANE: Plot and Title Map

88 RASEN LANE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 88 RASEN LANE, 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 88 RASEN LANE). 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 88 RASEN LANE?

88 RASEN LANE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 88 on RASEN LANE.