CHAPEL HOUSE, NURSERY STREET, MARKET RASEN, LN8 3AB - £233,000

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

CHAPEL HOUSE is a midsized detached house of 100m², built sometime between 1900 and 1929. It was last sold for £233,000 in July 2019, which was around 9% above the average July 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was B.

CHAPEL HOUSE Sold Prices

Land registry data shows three sales for CHAPEL HOUSE 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. Two of the three CHAPEL HOUSE sales were for above the average price, whilst one 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
2019 26 JUL	£233,000	£213,595	9% above HPI
2002 31 MAY	£114,000	£97,620	17% above HPI
1998 24 APR	£60,000	£67,151	11% below HPI

CHAPEL HOUSE 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 CHAPEL HOUSE sales between April 1998 and July 2019 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 May 2002 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the July 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is CHAPEL HOUSE?

CHAPEL HOUSE is 100m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where CHAPEL HOUSE lies on this distribution: 40% of detached houses are smaller than CHAPEL HOUSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

CHAPEL HOUSE: Plot and Title Map

CHAPEL HOUSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of CHAPEL HOUSE, 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 CHAPEL HOUSE). 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 CHAPEL HOUSE?

CHAPEL HOUSE is located on NURSERY STREET in MARKET RASEN, in the LN8 postcode district. The below map shows the position of CHAPEL HOUSE on NURSERY STREET.