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

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 SCHOOL LANE is a very small detached house of 76m², built sometime between 1983 and 1990. It was last sold for £222,000 in September 2023, which was around 21% below the average September 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2014, 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	£279,966	21% below HPI
2018 29 MAR	£140,000	£213,838	35% below HPI
2015 11 SEP	£125,000	£198,433	37% 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 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 9 SCHOOL LANE?

9 SCHOOL LANE is 76m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 20% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where 9 SCHOOL LANE lies on this distribution: 13% of detached houses are smaller than 9 SCHOOL LANE, and 86% 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.