9, RASE CLOSE, MIDDLE RASEN, MARKET RASEN, LN8 3UF - £190,000

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 RASE CLOSE is a midsized detached house of 111m², built sometime between 1976 and 1982. It was last sold for £190,000 in March 2015, which was around 1% above the average March 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

9 RASE CLOSE Sold Prices

Land registry data shows four sales for 9 RASE CLOSE 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 RASE CLOSE 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
2015 25 MAR	£190,000	£188,056	1% above HPI
2010 24 JUN	£190,000	£186,398	2% above HPI
2002 27 FEB	£100,000	£96,230	4% above HPI
2000 30 JUN	£89,950	£74,087	21% above HPI

9 RASE CLOSE 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 RASE CLOSE sales between June 2000 and March 2015 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 June 2010 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2015 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 9 RASE CLOSE?

9 RASE CLOSE is 111m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 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 9 RASE CLOSE lies on this distribution: 44% of detached houses are smaller than 9 RASE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

9 RASE CLOSE: Plot and Title Map

9 RASE CLOSE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 9 RASE CLOSE, 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 RASE CLOSE). 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 RASE CLOSE?

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