APRIL LODGE, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE - £292,500

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.

APRIL LODGE is a very large detached house of 190m², which could now be worth an estimated £382,586. It was last sold for £292,500 in June 2018, which was around 30% above the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was B.

APRIL LODGE Sold Prices

Land registry data shows two sales for APRIL LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two APRIL LODGE sales was for above the average price, whilst the other was 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
2018 11 JUN	£292,500	£224,902	30% above HPI
2016 2 SEP	£90,000	£204,504	56% below HPI

APRIL LODGE 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 two APRIL LODGE sales from September 2016 and June 2018 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 2016 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the June 2018 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might APRIL LODGE be worth now?

APRIL LODGE might now be worth an estimated £382,586.

This is based on house price inflation of 30.8%, between June 2018 and March 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 30.8% inflationary increase is applied to the most recent sale price for APRIL LODGE of £292,500 on 11th June 2018. For the value to have increased from £292,500 to £382,586 over the seven years and three months to March 2025, the following assumptions must hold true:

• The value of APRIL LODGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2018 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of APRIL LODGE has not materially changed since June 2018.

How Large is APRIL LODGE?

APRIL LODGE is 190m² according to the EPC inspection conducted in November 2017. This puts it in the largest 10% 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 APRIL LODGE lies on this distribution: 92% of detached houses houses are smaller than APRIL LODGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

APRIL LODGE: Plot and Title Map

APRIL LODGE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of APRIL LODGE, 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 APRIL LODGE). 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 APRIL LODGE?

APRIL LODGE is located on MILL LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of APRIL LODGE on MILL LANE.