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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 RASE CLOSE is a midsized detached house of 111m², built sometime between 1976 and 1982, which could now be worth an estimated £289,904. It was last sold for £190,000 in March 2015, which was about 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. The four 9 RASE CLOSE sales were a mix of roughly equal to the average price, and 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	£190,793	Close to HPI
2010 24 JUN	£190,000	£189,111	Close to HPI
2002 27 FEB	£100,000	£97,631	2% above HPI
2000 30 JUN	£89,950	£75,165	20% 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 roughly matched the HPI. So the extrapolation line tracks in line HPI over time, until the March 2015 sale, which was also at roughly the same level as the HPI.

What might 9 RASE CLOSE be worth now?

9 RASE CLOSE might now be worth an estimated £289,904.

This is based on house price inflation of 52.6%, between March 2015 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.6% inflationary increase is applied to the most recent sale price for 9 RASE CLOSE of £190,000 on 25th March 2015. For the value to have increased from £190,000 to £289,904 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 9 RASE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2015 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 9 RASE CLOSE has not materially changed since March 2015.

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 houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 9 RASE CLOSE lies on this distribution: 44% of detached houses 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.