AVONDALE, MILL ROAD, MARKET RASEN, LN8 3BP - £197,000

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.

AVONDALE is a very large extended detached house of 144m², built sometime between 1950 and 1966, which could now be worth an estimated £302,810. It was last sold for £197,000 in May 2015, which was around 4% above the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

AVONDALE Sold Prices

Land registry data shows two sales for AVONDALE 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 AVONDALE 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
2015 5 MAY	£197,000	£189,391	4% above HPI
2014 13 JUN	£135,000	£186,951	28% below HPI

AVONDALE 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 AVONDALE sales from June 2014 and May 2015 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 June 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might AVONDALE be worth now?

AVONDALE might now be worth an estimated £302,810.

This is based on house price inflation of 53.7%, between May 2015 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 53.7% inflationary increase is applied to the most recent sale price for AVONDALE of £197,000 on 5th May 2015. For the value to have increased from £197,000 to £302,810 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of AVONDALE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2015 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of AVONDALE has not materially changed since May 2015.

How Large is AVONDALE?

AVONDALE is 144m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where AVONDALE lies on this distribution: 81% of detached houses houses are smaller than AVONDALE, and 19% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

AVONDALE: Plot and Title Map

AVONDALE sits on a plot of roughly 0.217 of an acre, or 879m². The below map shows the location of AVONDALE, 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 AVONDALE). 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 AVONDALE?

AVONDALE is located on MILL ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of AVONDALE on MILL ROAD.