AVALON, MIDDLE STREET, NORTH KELSEY, MARKET RASEN, LN7 6EH - £440,000

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.

AVALON is a very large detached house of 203m², built in 2020, which could now be worth an estimated £499,917. It was last sold for £440,000 in September 2021, which was around 72% above the average September 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was B, and the potential energy rating was A.

AVALON Sold Prices

Land registry data shows three sales for AVALON 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. One of the three AVALON sales was for above the average price, whilst two 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
2021 15 SEP	£440,000	£256,223	72% above HPI
2013 28 FEB	£100,000	£181,947	45% below HPI
2007 10 OCT	£95,000	£204,020	53% below HPI

AVALON 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 AVALON sales between October 2007 and September 2021 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 February 2013 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2021 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might AVALON be worth now?

AVALON might now be worth an estimated £499,917.

This is based on house price inflation of 13.6%, between September 2021 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 13.6% inflationary increase is applied to the most recent sale price for AVALON of £440,000 on 15th September 2021. For the value to have increased from £440,000 to £499,917 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of AVALON has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of AVALON has not materially changed since September 2021.

How Large is AVALON?

AVALON is 203m² according to the EPC inspection conducted in July 2021. This puts it in the largest 20% 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 AVALON lies on this distribution: 81% of detached houses houses are smaller than AVALON, and 19% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

AVALON: Plot and Title Map

AVALON sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of AVALON, 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 AVALON). 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 AVALON?

AVALON is located on MIDDLE STREET in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of AVALON on MIDDLE STREET.