9, DRAX COURT, MIDDLE RASEN, MARKET RASEN, LN8 3UE - £250,000

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

9 DRAX COURT is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £250,000 in November 2022, which was around 13% below the average November 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

9 DRAX COURT Sold Prices

Land registry data shows four sales for 9 DRAX COURT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 9 DRAX COURT 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
2022 7 NOV	£250,000	£285,856	13% below HPI
2021 30 SEP	£233,000	£252,547	8% below HPI
2001 21 AUG	£79,500	£83,390	5% below HPI
1998 24 JUL	£54,000	£69,742	23% below HPI

9 DRAX COURT 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 four 9 DRAX COURT sales between July 1998 and November 2022 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 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 9 DRAX COURT?

9 DRAX COURT is 93m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% 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 9 DRAX COURT lies on this distribution: 31% of detached houses are smaller than 9 DRAX COURT, and 67% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

9 DRAX COURT: Plot and Title Map

9 DRAX COURT sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 9 DRAX COURT, 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 9 DRAX COURT). 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 9 DRAX COURT?

9 DRAX COURT is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 9 on DRAX COURT.