FOUNDRY HOUSE, JAMESON BRIDGE STREET, MARKET RASEN, LN8 3EW - £320,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

FOUNDRY HOUSE is a very large extended detached house of 194m², built sometime before 1900. It was last sold for £320,000 in August 2022, which was around 11% above the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

FOUNDRY HOUSE Sold Prices

Land registry data shows two sales for FOUNDRY HOUSE 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 FOUNDRY HOUSE 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
2022 18 AUG	£320,000	£288,934	11% above HPI
2013 9 DEC	£93,500	£185,614	50% below HPI

FOUNDRY 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 two FOUNDRY HOUSE sales from December 2013 and August 2022 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 2013 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is FOUNDRY HOUSE?

FOUNDRY HOUSE is 194m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% 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 FOUNDRY HOUSE lies on this distribution: 94% of detached houses are smaller than FOUNDRY HOUSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

FOUNDRY HOUSE: Plot and Title Map

FOUNDRY HOUSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of FOUNDRY 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 FOUNDRY 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 FOUNDRY HOUSE?

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