GREENACRES, BRIGG ROAD, SOUTH KELSEY, MARKET RASEN, LN7 6PQ - £378,000

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.

GREENACRES is a large extended detached house of 171m², built sometime between 1967 and 1975, which could now be worth an estimated £381,479. It was last sold for £378,000 in July 2022, which was around 31% above the average July 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

GREENACRES Sold Prices

Land registry data shows three sales for GREENACRES 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. All of the three GREENACRES 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
2022 27 JUL	£378,000	£288,459	31% above HPI
2004 2 AUG	£216,500	£180,127	20% above HPI
2001 23 AUG	£99,500	£84,604	18% above HPI

GREENACRES 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 GREENACRES sales between August 2001 and July 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 August 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2022 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might GREENACRES be worth now?

GREENACRES might now be worth an estimated £381,479.

This is based on house price inflation of 0.9%, between July 2022 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 0.9% inflationary increase is applied to the most recent sale price for GREENACRES of £378,000 on 27th July 2022. For the value to have increased from £378,000 to £381,479 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of GREENACRES has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2022 sale price of £378,000 represented a fair market value for the property.
• The size, condition, and specification of GREENACRES has not materially changed since July 2022.

How Large is GREENACRES?

GREENACRES is 171m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Kelsey, and where GREENACRES lies on this distribution: 70% of detached houses houses are smaller than GREENACRES, and 28% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.293 of an acre, or 1,187m². The below map shows the location of GREENACRES, 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 GREENACRES). 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 GREENACRES?

GREENACRES is located on BRIGG ROAD in SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of GREENACRES on BRIGG ROAD.