9, SCHOOL LANE, NORTH KELSEY, MARKET RASEN, LN7 6JW - £222,000

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 SCHOOL LANE is a very small detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £226,369. It was last sold for £222,000 in September 2023, which was around 22% below the average September 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

9 SCHOOL LANE Sold Prices

Land registry data shows three sales for 9 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 9 SCHOOL LANE 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
2023 1 SEP	£222,000	£285,495	22% below HPI
2018 29 MAR	£140,000	£216,950	35% below HPI
2015 11 SEP	£125,000	£201,321	38% below HPI

9 SCHOOL LANE 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 three 9 SCHOOL LANE sales between September 2015 and September 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 March 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 9 SCHOOL LANE be worth now?

9 SCHOOL LANE might now be worth an estimated £226,369.

This is based on house price inflation of 2%, between September 2023 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 2% inflationary increase is applied to the most recent sale price for 9 SCHOOL LANE of £222,000 on 1st September 2023. For the value to have increased from £222,000 to £226,369 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 9 SCHOOL LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2023 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SCHOOL LANE has not materially changed since September 2023.

How Large is 9 SCHOOL LANE?

9 SCHOOL LANE is 62m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 10% of detached houses houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kelsey, and where 9 SCHOOL LANE lies on this distribution: Less than 1% of detached houses houses are smaller than 9 SCHOOL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

9 SCHOOL LANE: Plot and Title Map

9 SCHOOL LANE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 9 SCHOOL 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 9 SCHOOL 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 9 SCHOOL LANE?

9 SCHOOL LANE is located in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 9 on SCHOOL LANE.