BARN FARMHOUSE, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE - £340,000

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

BARN FARMHOUSE is a very large extended detached house of 205m², built sometime before 1900. It was last sold for £340,000 in November 2016, which was around 65% above the average November 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

BARN FARMHOUSE Sold Prices

Land registry data shows two sales for BARN FARMHOUSE 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 BARN FARMHOUSE sales were for above 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
2016 10 NOV	£340,000	£205,472	65% above HPI
2010 10 DEC	£320,000	£188,341	70% above HPI

BARN FARMHOUSE 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 BARN FARMHOUSE sales from December 2010 and November 2016 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 December 2010 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the November 2016 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is BARN FARMHOUSE?

BARN FARMHOUSE is 205m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% 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 BARN FARMHOUSE lies on this distribution: 95% of detached houses are smaller than BARN FARMHOUSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

BARN FARMHOUSE: Plot and Title Map

BARN FARMHOUSE sits on a plot of roughly 1.0 acres, or 4,193m². The below map shows the location of BARN FARMHOUSE, 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 BARN FARMHOUSE). 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 BARN FARMHOUSE?

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