AVALON, OLD GALLAMORE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3US - £165,000

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

AVALON is a small extended detached house of 96m², built sometime between 1976 and 1982. It was last sold for £165,000 in August 2023, which was around 41% below the average August 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was B.

AVALON Sold Prices

Land registry data shows two sales for AVALON 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. Both of the two AVALON 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 23 AUG	£165,000	£279,373	41% below HPI
2000 31 AUG	£73,000	£74,056	1% 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 two AVALON sales from August 2000 and August 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 August 2000 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is AVALON?

AVALON is 96m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where AVALON lies on this distribution: 35% of detached houses are smaller than AVALON, and 65% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

AVALON: Plot and Title Map

AVALON sits on a plot of roughly 0.163 of an acre, or 661m². 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 OLD GALLAMORE LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of AVALON on OLD GALLAMORE LANE.